Balmain sells majority stake in AMAL group to IQ-EQ
Latest news
Balmain sells majority stake in AMAL group to IQ-EQ 15 September 2025Australia Reporter: Zarah Choudhary
Image: AerialFilmStudio/stock.adobe.com
Balmain, an Australian private credit industry and asset origination, has completed the sale of its majority stake in AMAL Group to IQ-EQ, a global investor services group.
The transaction settled following regulatory approval from the Foreign Investment Review Board and the AMAL Group will be rebranded to IQ-EQ.
Established by Balmain in 1994, AMAL Group has grown under Balmain’s ownership into one of the region’s integrated providers of loan servicing, corporate trust, and agency services, with over AU$37 billion in funds under administration and supervision across Australia and New Zealand.
Andrew Griffin, CEO of Balmain, says: “We’re proud of the growth and success AMAL has achieved. This sale is a testament to Balmain’s ability to support entrepreneurial ventures and unlock strategic value in enterprises adjacent to our core origination and funds management business.
“I think that IQ-EQ with its global platform is an ideal partner to take AMAL into its next chapter. For Balmain it will be business as usual as we continue to support IQ-EQ.”
Mark Pesco, group CEO of IQ-EQ, says: “This acquisition is a key milestone in our global strategy.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: AerialFilmStudio/stock.adobe.com 