Ambitious Australian trustee firm makes kiwi push
Sargon, which made headlines after its deal to buy Completus soured in 2017, has laid out its plans following the takeover of Auckland headquartered Heritage Trustees last year.
The company has $50 billion in assets under management and supervision and pitches itself as a trustee cloud infrastructure provider.
It was previously known as Trustee Partners.
Phillip Kingston, the company’s chief executive, told BusinessDesk it paid $10 million for Heritage and will invest $20-$25 million within 18 months to get the company to turn a profit within a year.
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