IQ-EQ agrees to acquire AMAL Group
15 April 2025 New Zealand
Image: stock.adobe.com/Lev
IQ-EQ has signed an agreement to acquire AMAL Group, a corporate trust, agency services and loan servicing solution provider.
This forms part of the investor services firm’s plan to expand into Australia and New Zealand, and comes amid accelerated growth in Australia’s corporate trust market.
Mark Pesco, group CEO at IQ-EQ, comments: “The AMAL Group’s addressable market spans the four key reporting segments of trustees — securitisation, wholesale loans, funds, and managed investment trusts — each of which have unique market dynamics and client requirements.
“As the only scaled end-to-end provider of trustee services and loan administration in Australia and New Zealand, this positions us to grow our corporate trust and loan administration business in synergy, cross-selling into our global client base and servicing our existing global clients amid growing demand for services in these new markets.”
CEO of AMAL Trustees Nick Procter adds: “Being part of a dynamic global player like IQ-EQ is a terrific market development that will enable AMAL to better service its existing clients and offer new products and services to a wider variety of markets and strategies.
“This transaction is good for everyone; for both businesses, for our clients and for the expert team of people who will help drive a smooth integration, business growth and success. We’re excited about what we can offer the Australian market and can’t wait to get started together.”
Following approval from the Foreign Investment Review Board, AMAL Group will be rebranded to IQ-EQ.
This forms part of the investor services firm’s plan to expand into Australia and New Zealand, and comes amid accelerated growth in Australia’s corporate trust market.
Mark Pesco, group CEO at IQ-EQ, comments: “The AMAL Group’s addressable market spans the four key reporting segments of trustees — securitisation, wholesale loans, funds, and managed investment trusts — each of which have unique market dynamics and client requirements.
“As the only scaled end-to-end provider of trustee services and loan administration in Australia and New Zealand, this positions us to grow our corporate trust and loan administration business in synergy, cross-selling into our global client base and servicing our existing global clients amid growing demand for services in these new markets.”
CEO of AMAL Trustees Nick Procter adds: “Being part of a dynamic global player like IQ-EQ is a terrific market development that will enable AMAL to better service its existing clients and offer new products and services to a wider variety of markets and strategies.
“This transaction is good for everyone; for both businesses, for our clients and for the expert team of people who will help drive a smooth integration, business growth and success. We’re excited about what we can offer the Australian market and can’t wait to get started together.”
Following approval from the Foreign Investment Review Board, AMAL Group will be rebranded to IQ-EQ.
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