Mutual Trust Pty Ltd

Mutual Trust Pty Ltd

Mutual Trust Pty Ltd traces its origins to 1921 when industrialist William Lawrence Baillieu established the firm to manage family wealth rooted in Australian property and finance. The 2017 merger with The Myer Family Company Limited expanded the platform and combined two longstanding family-office lineages into a single multi-family entity. The firm allocates across public equities, listed infrastructure, hybrid credit instruments and real estate. Confirmed positions include a 0.30 percent stake in CSL Limited disclosed in the company's 2025 annual report, a 0.48 percent stake in Worley Limited from its 2024 annual report, and a 0.86 percent stake in PEXA Group Limited. Geographic exposure centers on Australia and New Zealand through holdings such as Infratil Limited and direct co-investments in Canberra office assets and regional shopping centres. The firm also participates in its own Mutual Trust Cash Fund and has taken positions in ANZ Capital Notes. Approximately 220 professionals operate from the Melbourne headquarters. The firm maintains no disclosed additional offices. In 2017 the merger with The Myer Family Company Limited established the combined entity as Australia's largest multi-family office at the time. No dated operational events from the last 24 months appear in available records. Mutual Trust functions as both asset manager and service provider, offering integrated tax, estate and philanthropic advice alongside investment execution. This hybrid model allows the firm to hold client assets directly while also committing capital to its proprietary cash fund and facilitating co-investments through external managers.