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Joe Aston

A hairy year for Equity Trustees

These are weird and wonderful times at listed, specialist trustee Equity Trustees. Last week it flatly denied well-informed suggestions it was involved in mustering client money to bid for prime pastoral asset, S. Kidman & Co. A comprehensive contradiction to be sure, one we will naturally be holding them to. We owe it to posterity. I mean, if EQT's database was being tantalised with untold riches to be generated by an unnamed but iconic livestock asset, maybe it was actually just the Tasmanian Devil Park near Hobart Airport?

Remember that only seven-and-a-bit months ago, on March 2, Equity Trustees' veteran chairman Tony Killen announced his retirement, only for chief executive Robin Burns to quit seven weeks later (after a stint of "extended sick leave" – whether "extended" means before March 2, we can't be sure) and the board to suspend the search for a new chair and convince Killen to stand for re-election at the annual general meeting on October 28 (this Friday).

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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

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    Original URL: https://www.afr.com/brand/rear-window/a-hairy-year-for-equity-trustees-20161023-gs8mk4