Apex Group finalises deal which adds $170 billion in assets under administration to its business.
The deal will add $165 billion in assets under administration to Apex’s portfolio, while taking on 195 new clients.
Dinn will be responsible for expanding Apex Group’s presence in the custody and depositary market on a global scale.
Apex brings on 25-year fund administration expert that helped build the alternative investment business development sales group at SS&C GlobeOp.
Apex makes Brexit play with the creation of 50 new jobs and a new office in Ireland.
Apex Fund Services to “strongly dispute” lawsuit that claims “$14 million was stolen from the investors”.
The deal is the third one in six months for Apex as it looks to break into the top five largest global fund administrators ranks.
The takeover will propel Apex into the top ten administrators in the world, with the deal more than doubling its assets under administration (AuA).