Trustee services provider appoints new chair

A trustee business linked to several of Australia's newest superannuation funds has appointed a new non-executive chair.

Sargon Capital, which operates in Australia via Trustee Partners, appointed Robert Rankin as its new chair, joining new non-executive directors Andy Wang, David Chen and Tony Owen.

Rankin joins the Sargon board having previously been chair of Crown Resorts, chief executive of Consolidated Press Holdings and global co-head of corporate banking and securities at Deutsche Bank.

Rankin said Sargon's pension and investment technology platform "is emerging as a significant player in the global financial technology marketplace."

"Built in Australia, Sargon has a natural advantage in the region as Australia has one of the best pension savings systems in the world," Rankin said.

"Sargon is enabling greater competition and choice in the Australian superannuation and investment management industry, through which we intend to improve retirement outcomes."

Sargon founder Phillip Kingston added: "Rob is a global business leader and investor, whose experience and network will help Sargon achieve its ambitious mission to improve pension and investment outcomes in the world's 22 defined contribution pension systems, including superannuation in Australia."

Sargon's Trustee Partners owns Tidswell Financial, the trustee behind Spaceship, GoodSuper, MAX Super and mobiSuper.

In April, Trustee Partners acquired Madison Financial Group from PHAROS Financial Group.

The deal includes the licensee, Madison's OneVue platform private label WealthPortal, PHAROS' compliance subsidiary AdviceNet and separately managed account provider Proactive Portfolios.

Read more: AustraliaTrustee PartnersRobSargon CapitalRobert RankinMadison Financial GroupPHAROS Financial GroupAdviceNetAndy WangConsolidated Press HoldingsCrown ResortsDavid ChenDeutsche BankGoodSuperMAX SupermobiSuperPhillip KingstonSpaceshipTidswell FinancialTony OwenWealthPortal
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