Trustee Partners has raised $100 million from Australian and US fintech investors to launch a new tech-focused business that will provide compliance, administrative or supervisory services to superannuation funds.
The new trustee services business, Trustee Partners, is expected to be a challenger to more established players such as Equity Trustees and financial services firms such as Diversa and Mercer.
Stephen Huppert has left his role as a partner at Deloitte after 5 years with the firm to take up the position of Head of Product Innovation for the new tech-focused trustee services business.
Huppert has over 25 years’ experience in superannuation, wealth management and life insurance. He spent 10 years in a variety of roles at Colonial Mutual before moving on to consulting at Askit Consulting, then Ernst & Young.
Heavyweight Team Arranged
Huppert is the latest edition to a newly formed team consisting of co-founder, and technology entrepreneur, Phillip Kingston, Patrick Liddy, former global head of sales, marketing and strategy at National Australia Bank Custodial Services, John Atabak, former CEO of AdminPartners, Fiona Borelli, former Allens senior associate and Christina Liosis, former CFO at Telstra Super and FNZ Australia.
Trustee Partners now has over 40 employees across two offices, one in Melbourne in the former ANZ bank head office and Hindmarsh Square in the centre of the Adelaide business district.
