Australia: TMF Group expands MIT service offering in Australia through alliance with Evolution Trustees
Last Updated: 23 January 2017

TMF Group, a global leader in trust and fiduciary services has entered a strategic alliance in Australia to expand its local service offering for international clients.

Global leader in trust and fiduciary services TMF Group has entered a strategic alliance in Australia with Evolution Trustees, to expand its local service offering for international clients.

The cooperation allows TMF Group to provide a 'one stop shop,' supporting foreign investors in Australia who require managed investment trust (MIT) services. With Evolution Trustees, TMF Group can now to offer clients investing in Australian assets a full suite of services in:

  • Investment management
  • Trustee and custody
  • Fund accounting
  • Corporate services, including company secretarial and registry services.

The combination of TMF Group's experience in real estate and infrastructure and Evolution Trustees' specialised Australian trustee capability provides a compelling, competitive alternative for offshore investors.

TMF Group's Global Head of Alternative Investments Bruno Bagnouls said: "Given TMF Group's global heritage in trustee and fiduciary services,  Australia is a natural market for us to scale up in. Our goal is to leverage our knowledge and scale to offer the best solutions for global clients."

Senior Director Private Equity and Real Estate for Asia Pacific at TMF Group Catherine Caradus also commented: "We are excited to have the opportunity to work with Evolution Trustees to further expand our service offering to support our international real estate clients and foreign investors with MIT compliance. I am sure that this alliance will also lead to other opportunities in the broader Australian capital markets."

CEO of Evolution Trustees Rupert Smoker added: "This alliance with TMF Group brings great opportunities to harness global demand for high quality Australian assets. The Australian MIT services market needs more competition, and our partnership will undoubtedly drive benefits for clients."

-ENDS-

About Evolution Trustees

Evolution Trustees is an Australian Financial Services licensee that operates registered and unregistered managed investment schemes. It was founded by experienced professional trustees Rupert Smoker and David Lom who are experts in tailoring solutions for clients in the ever changing Australian financial services sector. Evolution Trustees is singly focused on providing trustee services meaning we are free from distractions that can arise from running a vertically or horizontally integrated business.

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