Bank trusts are essential players in the wealth management space. Acting as fiduciaries, these institutions support families, individuals, and organizations with estate planning, asset protection, and long-term wealth preservation strategies.
For investment managers, identifying the right bank trust relationships (especially across international markets) can be complex. These firms often operate behind the scenes, with limited public visibility. Dakota Marketplace helps simplify the search by offering verified data, allocator context, and direct contact information, all in one place.
In this article, we are giving you a list of the top bank trusts in Australia. To see the full list, you can view it in Dakota Marketplace.
1. AMP Group
AUM: $105B
Metro: Sydney
AMP Limited, commonly known as AMP, is an Australian financial services company headquartered in Quay Quarter Tower, Sydney. The organization operates across various sectors, including banking, superannuation, investment management, and advice in Australia and New Zealand. AMP is publicly listed on the Australian Securities Exchange under the ticker AMP. The company’s structure is organized into key divisions: Platforms, Super & Investments, AMP Bank, and New Zealand Wealth Management, with AMP Bank Limited serving as its regulated banking subsidiary. As of FY2024, AMP reports total assets in the low A$30 billion range, approximately A$33.16 billion, and has a market capitalization estimated around A$4.6 billion. The company primarily serves clients in Australia and New Zealand, offering a comprehensive suite of wealth management services through its various operating segments.
AUM: $79B
Metro: Sydney
Macquarie Group Limited is a publicly listed parent company headquartered in Sydney, Australia, functioning as a Non-Operating Holding Company (NOHC) for its regulated banking entity, Macquarie Bank Limited, and a diverse set of subsidiaries organized into four principal operating groups: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital. As of 31 March 2025, Macquarie reported total group assets of approximately A$445.2 billion and total equity of A$35.8 billion, with Assets under Management (AUM) amounting to about A$941.0 billion. The Group is listed on the Australian Securities Exchange under the ticker MQG, with a market capitalization ranging from A$74 to A$78 billion as of early January 2026. Macquarie operates globally through a network of subsidiaries and branches across the Americas, EMEA, and Asia Pacific, with a significant portion of its operating income derived from Australia and the Americas. The wealth management capabilities are primarily divided between MAM, which manages institutional and wholesale assets globally, and BFS, which focuses on retail and private banking services in Australia.
AUM: $70B
Metro: Sydney
New South Wales Treasury Corporation (trading as TCorp) is the central financing authority and sovereign investment manager for the State of New South Wales. Established under the Treasury Corporation Act 1983, TCorp is a statutory, wholly-owned entity of the New South Wales Government, functioning as a public financial corporation. It operates within the NSW Treasury cluster, providing financial management services, including borrowing and investment management for the NSW public sector. TCorp has total assets under management of approximately A$119 billion and a balance sheet totaling A$198 billion. Its headquarters are located in Sydney, and it serves primarily NSW government departments, statutory authorities, and other public bodies, rather than retail clients. TCorp does not operate a private wealth division or private bank; its investment management activities are conducted under the TCorp brand as the State's central borrowing authority and institutional funds manager.
AUM: $64B
Metro: Melbourne
JBWere is an Australian private wealth manager with origins dating back to 1840, founded by Jonathan Binns Were in Melbourne. It operates as a wholly owned subsidiary of National Australia Bank Limited (NAB), which acquired a majority stake in JBWere from a Goldman Sachs joint venture in 2009 and later purchased the remaining shares. JBWere's Australian operations are distinct from its New Zealand counterpart, which operates under a license from JBWere but is now part of FirstCape Limited following a 2024 transaction. The firm has its headquarters in Melbourne and serves clients across Australia, positioning itself as a premier private wealth manager focused on high-net-worth individuals, family offices, and purpose-driven organizations. JBWere manages approximately AUD 57.7 billion in Funds Under Management (FUM) and AUD 69.2 billion in Assets Under Advice (AUA) as of September 30, 2025. JBWere is not publicly traded, and its financial metrics are consolidated under NAB's reporting.
AUM: $30B
Metro: Sydney
The Commonwealth Bank of Australia (CBA), headquartered in Sydney, is Australia’s largest bank by assets and one of the country’s largest publicly traded companies. The Group operates as a listed Australian public company on the Australian Securities Exchange under the ticker CBA, with total assets estimated in the range of A$1.2–1.3 trillion. CBA's organizational structure includes various subsidiaries and brands, such as Bankwest, and operates across multiple segments including retail banking, business banking, institutional banking, and wealth management. The Group’s wealth management division is integrated into its broader offerings, providing services that span investment management, insurance, and financial advice. While primarily focused on the Australian market, CBA also has a presence in the Asia-Pacific region and New Zealand, leveraging its extensive retail and institutional banking capabilities to serve a diverse client base.
Many of the firms listed here can be explored further in Dakota Marketplace, including key contacts and allocator insights.
AUM: $15B
Metro: Sydney
Westpac Banking Corporation, commonly referred to as Westpac, is an Australian banking and financial services group headquartered in Sydney. The bank operates as a consolidated entity comprising various subsidiaries, including BT Financial Group Pty Limited, Westpac New Zealand Limited, and several St.George/Bank subsidiaries, among others. As of the 2024 fiscal year, Westpac reports total assets exceeding A$1.0 trillion, with a market capitalization ranging from A$128 billion to A$133 billion. The bank's wealth management division is primarily structured under the BT Financial Group, which encompasses a range of services targeting retail and high-net-worth clients. Westpac maintains a significant geographic presence across Australia and New Zealand, with operations extending to the Pacific, Asia, Europe, and the Americas.
AUM: $7.5B
Metro: Melbourne
Viridian Advisory is a privately held Australian financial advice and wealth management firm headquartered in Melbourne. Operating under the Viridian Financial Group corporate identity, the firm provides a comprehensive suite of services including financial planning, retirement and superannuation advice, SMSF services, investment and portfolio construction, lending and insurance advice, as well as specialist support for high-net-worth families through executive advisers and family-office style services. Viridian Advisory Pty Ltd, licensed under Australian Financial Services Licence (AFSL 476223), serves as the licensed advice business. The firm has a multi-office presence across Victoria and New South Wales, with key locations including Melbourne, Williamstown, Camberwell, Geelong, Ballarat, and Bondi Junction. Viridian Advisory is not publicly traded and does not disclose total assets or market capitalisation, with third-party estimates indicating it manages approximately A$16 billion across its business divisions.
AUM: $6.6B
Metro: Melbourne
Australia and New Zealand Banking Group Limited (ANZ) is a major publicly listed banking group headquartered in Melbourne, Australia. The bank operates through a traditional parent holding company and several subsidiaries, including ANZ Bank New Zealand Limited, which serves as its retail and commercial banking arm in New Zealand. ANZ’s organizational structure comprises four primary divisions: Australia, New Zealand, International & Institutional, and Global Wealth & Private Banking. The group manages total assets in the range of approximately A$1.1–A$1.3 trillion, with the most recent reporting indicating total assets of roughly A$1.29 trillion. ANZ is publicly traded on the Australian Securities Exchange (ASX) under the ticker ANZ, and it is also listed on the New Zealand exchange (NZX). The bank's corporate headquarters is located at the ANZ Centre at 833 Collins Street in the Docklands precinct of Melbourne. ANZ is recognized as one of the 'Big Four' banks in Australia, with a significant presence across Asia-Pacific markets, including branches and representative offices in regions such as the United States, United Kingdom, and Asia. Its wealth management division, Global Wealth & Private Banking, focuses on providing wealth management, asset management, and private banking services to high-net-worth and affluent clients, leveraging the bank's extensive distribution network.
AUM: $1.48B
Metro: Melbourne
Bendigo and Adelaide Bank Limited, commonly referred to as Bendigo Bank, is the parent company of the Bendigo group, formed through the 2007 merger of Bendigo Bank and Adelaide Bank. The bank operates a network of Community Bank franchise partners and bank-owned branches, alongside several specialized subsidiaries. As a mid-sized Australian bank, Bendigo and Adelaide Bank holds total assets ranging from A$90 billion to A$101 billion, with a market capitalization estimated between A$4 billion and A$6 billion. The bank's wealth management activities are organized under the Bendigo Wealth banner, with Sandhurst Trustees serving as the primary subsidiary providing trustee, funds management, and other wealth services. The bank maintains a strong regional presence in Victoria and South Australia while operating nationally across all Australian states and the ACT, with its headquarters located in Bendigo, Victoria.
To view more bank trusts in Australia or other countries, book a demo of Dakota Marketplace.
