Apex Group has acquired the Corproate and Private Client Services (CPCS) and the Throgmorton businesses from Link Asset Services.
The acquisition adds new specialist hubs in the UK, Jersey, Ireland, the Netherlands, Hungary and Switzerland.
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.
“The addition of these entities signifies an inflection point for the business, moving us from one of the world’s largest fund administrators to the wider financial services market as a global provider delivering end-to-end solutions to funds, corporations and private clients, said Peter Hughes, founder and CEO, Apex Group.
“Both the CPCS and Throgmorton teams are comprised of extremely well respected and experienced personnel that will complement our expertise across other service capabilities to complete our global financial services offering.”
The acquisition adds 660 employees and over 6,000 clients to the Apex Group, and is expected to be completed by the end of third quarter.
“With the trust and corporate services market undergoing change, we believe Apex has the right focus, growth trajectory and ambition to support management and fully unlock CPCS’ potential,” added Anthony O’Keeffe, CEO of Link Asset Services.