Apex has closed the acquisition of the corporate services businesses from Link Group’s Asset Services division.
The Corporate and Private Client Servicies (CPCS) and Throgmorton businesses adds over 600 employees and 6,000 clients to the Apex Group across multiple markets.
The deal also bolsters Apex’s corporate services capabilities through the addition of specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.
“The addition of CPCS and Throgmorton solidifies the final pillar of our four core service segments through integration of their well-established corporate services offering,” said Peter Hughers, founder and CEO, Apex Group.
“We are now able to offer our clients a truly comprehensive solution across the full ecosystem of third party providers global asset managers and allocators would usually use.”
Combined, the Apex Group’s service offering now spans fund administration, banking and depositary solutions, a comprehensive middle-office offering and a leading corporate services solution.
Speaking to Global Custodian earlier this year, the fund services giant aims to become a one-stop provider across multiple regions.
“We’re looking at creating a new Apex,” said David Rhydderch, head of regulated product, Apex Fund Services (Group). “We have individual pieces but across Apex’s financial services we are offering custody, middle-office, banking, depositary and corporate services.
“People are looking at outsourcing more than they ever have before, and they are looking for simple one-stop solutions; they don’t want 15 providers, they want simplicity.”