Apex Group Australia has announced it has been awarded the $7 billion Diversa Trustees Limited Superannuation master trust business.
Apex Group has been appointed as the administration partner for Diversa funds on a long-term agreement after winning a competitive tender process.
The client win comes after Apex Group Australia’s acquisition of the Iress superannuation business in January, as well as sustained success of Apex Group in the superannuation sector, and proven delivery of transition work over the last two years.
The Diversa Trustees business will be delivered and managed via the Apex Superannuation technology stack, including Apex Group’s market-leading Acurity platform, which it expects to take over following the successful completion of the Iress purchase in the second quarter of this year.
Nicholas Happell (pictured), Regional Managing Director – Asia Pacific at Apex Group, said: “Being selected by Diversa further reinforces the strength of our superannuation offering in Australia. We have invested a lot of time and focus on our superannuation business over the past 24 months and this partnership is testament to our capabilities in this space. Our local team is proud of this new partnership and committed to delivering the highest level of service to Diversa, in turn enhancing the value it delivers to its own customers.”
Diversa CEO Andrew Peterson said: “Apex Group has a track record of outstanding delivery in Australia, particularly in recent times. Apex Group’s ability to deliver an unbundled service is of particular benefit, and we see real potential to leverage off Apex Group’s robust technology platform and integration capability, supporting our promoter stakeholders and unlocking scale and efficiencies and achieving better results for our clients.”
