POWERED BY MOMENTUM MEDIA
Sargon acquires Diversa
In what represents further consolidation of the sector, financial technology company Sargon has announced it has acquired the Trustee Services business, comprising Diversa Trustees Limited and CCSL Limited (Diversa) from OneVue Holdings Limited for a total purchase consideration of $43 million.
Established in 2009, Diversa was one of the largest providers of superannuation trustee services with over $10 billion in assets under trusteeship, with Sargon’s assets under trusteeship and supervision now exceeding $50 billion.
Phillip Kingston, Sargon chief executive, said they had acquired a company with a solid operating track record with talented industry veterans.
“The acquisition will bolster Sargon’s capability and scale in trustee services, enabling us to expand our impact further in helping institutions and entrepreneurs to build better funds and financial products,” Kingston said.
Kingston said Diversa’s clients would soon have access to the Sargon Trustee Cloud, the company’s purpose-built trustee cloud infrastructure.
“At its core, Sargon is an enabling partner for institutions, entrepreneurs and governments looking to develop world-leading funds, financial products, platforms and pension systems that drive member outcomes, domestic investment and economic growth,” Kingston said.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
