Apex obtains regulatory approval for Irish subsidiary
The subsidiary will offer independent banking, depositary and custody services to institutional investors and asset managers
The subsidiary will offer independent banking, depositary and custody services to institutional investors and asset managers
It is the first major mandate for the new Luxembourg-based division of Apex after it completed the integration of the Warburg business in February.
Apex has launched a new ESG data and ratings solution that will sit alongside its reporting service.
The deal adds a further $40 billion in assets under administration (AuA) to Apex’s portfolio, taking it to a total AuA to $650 billion globally.
Third deal of the year for Apex Group which adds mutual fund administration capabilities of Atlantic Fund Services to its growing list of acquisitions.