The Central Bank of Ireland has approved the management buy-out of the Ireland business of Equity Trustees, the Australian administrator. As a result, the company will be renamed Gateway Fund Services Ltd, with Kevin Lavery as CEO. In 2023 EQT Holdings Limited, the ASX-listed holding company for Equity Trustees, reached an agreement to sell its investment in its Irish business for a nominal sum. The Irish business was purchased through a management buyout led by Kevin Lavery (CEO of the Irish business) with additional investment from Irish-based MFM Capital. Gateway expects to be operational on May 1, 2024.
