In a momentous two days for member admin, Citistreet’s sale to Sunsuper finalised on Friday and the administrator’s chief departed, while yesterday the NSW Government announced Pillar Administration would be sold.
SunSuper has not decided whether it will attempt to grow Citistreet Australia’s client base of four (soon to be three) after the purchase of its administrator from ING finalises around the end of the month.
Citistreet’s “;business to business”; model is different from the ING Australia (INGA) corporate super admin approach, and may be left as a standalone entity here following its global purchase by ING, according to acting INGA chief Ross Bowden.
Citistreet’s “;business to business”; model is different from the ING Australia (INGA) corporate super admin approach, and may be left as a standalone entity here following its global purchase by ING, according to acting INGA chief Ross Bowden.