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.
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.