Sanlam appoints EQT as RE
Equity Trustees (EQT) has been appointed the responsible entity (RE) for Sanlam Private Wealth Australia.
EQT said Sanlam Australia was launching two new equity funds – SPW Global High Quality Fund and Wenlock Global Fund – in Australia and globally, and decided that the specialist RE route was the best option.
EQT executive general manager, corporate trustee services, Harvey Kalman, said: “The two funds, which will be offered across the different investment markets, will benefit from having an RE offering convenience and industry knowledge about all the compliance and regulatory issues involved in overseeing a fund”.
“Our role is to take full responsibility for ensuring the fund is operating within the legal framework and that its governing constitution is flexible as it needs to be as well as providing certainty for investors, allowing the fund manager to solely focus on its investment strategy,” he said.
Kalman said the independent RE model was well established overseas and it ensured that the integrity of the wealth management industries was secure.
Sanlam is a multinational financial services company headquartered in South Africa.
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