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Showing 11 - 20 of 67 results for "Diversa Trustees"

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
APRA has imposed additional licence conditions on Diversa Trustees in the wake of the Shield and First Guardian collapses. APRA said it has concerns relating to Diversa's investment governance frameworks and practices, including oversight of platform ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
Diversa Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...

Former ASIC chair, FASEA chief launch trustee

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
... enforced these standards". It is led by managing director Nick Brookes, the founding chief executive of CCSL, now Diversa Trustees. CCSL was founded in 2006 and sold to Diversa Group in 2011. Brookes was also the founding chief executive of the Corporate ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... other licensees in response to concerns about alleged greenwashing including against Morningstar, Future Super, Diversa Trustees, Northern Trust Asset Management and Melbourne Securities, between 2022 and 2024. ASIC also commenced a greenwashing-related ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... solutions to the super funds on those key areas," he adds. After winning a $7 billion and $2.3 billion mandate with Diversa Trustees and Mutual Limited respectively and acquiring Iress' superannuation platform last year, Apex is on track to achieve 20% ...

First Guardian shaves $286m off Praemium FUA

MATTHEW WAI  |  TUESDAY, 21 OCT 2025
... acquired from Iress ), and $3 million in Praemium Super. "OneVue and Praemium provide investment platforms to Diversa Trustees, which has exposure to the First Guardian fund," Praemium said. "Praemium is focused on supporting members who have been impacted ...

Iress completes sale of super business

MATTHEW WAI  |  MONDAY, 2 JUN 2025
Iress has today completed the sale of its superannuation business to Apex Group. Apex Group purchased the super business for $40 million cash and additional payments of up to $20 million over 12 months subject to agreed revenue milestones. The terms ...

Apex awarded $2.3bn fund admin mandate

MATTHEW WAI  |  MONDAY, 14 APR 2025
... investment regimes, it said. The announcement follows a mandate for Apex's superannuation business to administer Diversa Trustees $7 billion master trust business at the start of the month. Under the agreement, Mutual Limited's adviser network will benefit ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
Apex Group has won a mandate to administer Diversa Trustees' $7 billion master trust business. Diversa will use Apex Superannuation going forward, part of which means utilising Iress' Acurity platform. Iress offloaded its superannuation business to ...