January 2024
Sargon’s AET Corporate Trust business acquired by Melbourne firm
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2023
Sargon’s Kingston bankrupted over $154m China financier debt
Phillip Kingston, founder of superannuation technology venture Sargon Capital, did not appear at a court hearing about money. He says he’s in Ukraine.
- Liam Walsh and Max Mason
March 2023
Phillip Kingston withdraws litigation but no shortage of Sargon suits
If anything, litigation surrounding the collapse has increased of late.
- Myriam Robin
January 2023
The fintech whiz, China and a courtroom caning
Phillip Kingston was a star of the fintech scene. But following a dispute with a Chinese financier, a judge has ripped apart his evidence.
- Liam Walsh and Max Mason
January 2022
Sargon saga takes new twist as founder asks for special liquidator
Nearly two years on from the collapse of Sargon, co-founder Phillip Kingston is attempting to have his own liquidators appointed to investigate its demise.
- Max Mason
September 2021
Sargon founder Phillip Kingston fights $27m lawsuit
Virtually nothing remains of Phillip Kingston’s Sargon Capital after its collapse. Aside from the recriminations.
- Myriam Robin
April 2021
Westpac to recover bulk of funds in Sargon collapse
More than a year after the collapse of Sargon, a Federal Court judge has ruled Westpac will get the largest slice of proceeds from the sale of certain companies from within the group.
- Max Mason and Jonathan Shapiro
May 2020
Sargon liquidators dig into insolvent trading, auditor probe
An ex-senator, entrepreneurial wunderkind and PwC are among those under the spotlight.
- Liam Walsh and Jonathan Shapiro
- Exclusive
- Banking products
New York financiers, PE team up to buy Sargon units
A pair of New York-based financiers are leading a syndicate that is set to acquire three Australian superannuation services businesses owned by the now defunct Sargon Capital.
- Updated
- Sarah Thompson and Anthony Macdonald
April 2020
Sargon in $100m hole to Chinese lender
The administrators' report details the once-glamour fintech outfit's struggles with repaying a loan.
- Liam Walsh and Jonathan Shapiro
March 2020
American financier comes to Sargon Capital’s rescue
Sargon Capital's white knight appears to be hiding in plain sight.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
February 2020
Administrators begin to break up Sargon businesses
They are seeking 'urgent expressions of interest' from buyers for shares in the company's Australian and New Zealand trading holdings.
- Jonathan Shapiro and Liam Walsh
Phil Kingston quits GrowthOps as Sargon fallout spreads
His departure comes as receivers take 19 per cent of stock in the associated financial services outfit.
- Liam Walsh and Jonathan Shapiro
Sargon's Phillip Kingston pulls out of Pause Fest
He has barely said a word on the fintech's troubles and is likely to keep shtum for the foreseeable future.
- Myriam Robin
New receivers sent to Sargon subsidiary as OneVue shares hit
More turmoil entangles the once-skyrocketing fintech behind superannuation and trustee services.
- Jonathan Shapiro and Liam Walsh
Pressure mounts as Sargon subsidiaries call in administrators
The appointment of administrators from EY comes after receivers were appointed to the Melbourne-based operation’s main entity, Sargon Capital, last week.
- Jonathan Shapiro and Liam Walsh
January 2020
Years of red ink before Sargon's downfall
The holding company of high-powered fintech superannuation group Sargon Capital lost nearly $25 in the two years before it tumbled into receivership, and it is yet to file accounts for last financial year.
- Liam Walsh, Liz Main and Jonathan Shapiro
China financier sends receivers to Sargon, Trimantium entities
Sargon Capital, whose board included big players such as ex-ALP Senator Stephen Conroy, struggled to raise funds in the past year and is now in receivership.
- Liam Walsh, Aleks Vickovich and Jonathan Shapiro