Apex will take its assets under administration to $600 billion after the acquisitions of the corporate services business from Link Group’s Asset Services
The acquisition adds 660 employees and over 6,000 clients to the Apex Group.
New reporting service to meet growing demand of asset managers worldwide.
Rapidly-growing fund administrator selects Citi to provide custody services to its asset management clients.
The agreement was announced in August last year, alongside news that Custom House’s chief executive officer, Mark Hedderman, had decided to step down.
Emmanuel Tuffuor will help develop both Apex’s private equity administration offering in Northern America and build out its tax service capabilities globally.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.
The deal increases Apex’s AuA to $560 billion, after completing the onboarding process of Deutsche Bank’s Alternative Fund services business in June.
The administrator completed the integration of Deutsche Bank’s Alternative Fund Services team earlier this year.