Certane Group News Today

MSC Trustees has acquired Certane Corporate Trust, the fund administration and corporate trustee business formerly owned by the now-defunct Sargon Capital.

MSC is buying the business after nearly two years of negotiations with current owners – New Yorker Teddy Wasserman’s CloverHill Capital and Aussie banker Matthew Kibble.

ASIC has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures and bonds issued by public companies, a first for an Australian corporate trustee.

The operation oversees dozens of small superannuation funds, but some have collapsed in recent years.

MSC Trustees has been appointed as the new trustee and responsible entity for two Alceon funds following a tender process undertaken by the real estate division of fund manager Alceon Group.

Alceon Group has selected MSC Trustees to serve as trustee and responsible entity for two of its funds.

The New Criterion's Tim Boreham highlights some of Australia's oldest listed trustee companies walking the "super" path

Switzer Daily The walls of the Melbourne headquarters of Equity Trustees (EQT) are adorned with the portraits of former prime ministers, premiers and governors-general who have served on the board of the stately 133 year old institution. The roll call of dignitaries includes 19 th century premier Sir Charles Sladen, prime ministers Stanley Bruce and Robert Menzies and former governor general Ninian Stephen. In Marc,h former Abbott/Turnbull era Cabinet minister Kelly O’Dwyer joined the board,...