Equity Trustees selected to work with Octopus

equity trustees

4 May 2022
| By Liam Cormican |
image
image
expand image

Equity Trustees has been selected to provide both custodian and trustee services to clean energy investor Octopus Australia.

The local subsidiary of Octopus Group, one of the largest owners of renewable energy projects in Australia and Europe, Octopus entered Australia in 2018 and managed $1 billion in assets under construction and operations on behalf of its investors.

Octopus had invested in the Gippsland Renewable Energy Park, a 3,000-hectare site which was part of a joint venture between the Clean Energy Finance Corporation and would be built in the heart of the proposed Gippsland Renewable Energy Zone, comprising solar, wind and battery storage investments.

Russell Beasley, executive general manager, corporate trustee services, Equity Trustees said: “We are delighted to be the custodian and trustee for the Octopus Australia-managed platform.

“We’re servicing a growing number of platforms geared towards more sustainable outcomes which benefit the broader community. Equity Trustees’ years of experience as a corporate fiduciary means we are the best fit for clients like Octopus Investments who need an expert custodial and corporate trustee service.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 day 8 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

5 days 14 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 3 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 5 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

4 days 12 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

3 days 15 hours ago