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Pressure mounts as Sargon subsidiaries call in administrators

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Superannuation infrastructure services fintech Sargon faces more turmoil with subsidiaries of its main holding company going into voluntary administration on Monday.

The appointment of administrators from EY comes after receivers were appointed to the Melbourne-based operation’s main entity, Sargon Capital, last week.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/pressure-mounts-as-sargon-subsidiaries-call-in-administrators-20200203-p53xdm