Apex Group finalises deal which adds $170 billion in assets under administration to its business.
Tag: Fund administration
The deal will add $165 billion in assets under administration to Apex’s portfolio, while taking on 195 new clients.
The patents build on the recently launched blockchain solution for private equity fund administration, which it partnered with IBM on last year.
In the build-up to Global Custodian’s Private Equity Issue this summer, we assess the two types of fund administration providers as PE firms are being forced to outsource.
Mark Porter ends his three-year spell as CEO of MUFG Investor Services, three years after he joined from UBS Asset Management.
SS&C completed its $5.4 billion acquisition of DST Systems in April, which included latter’s mutual fund administration business ALPS.
Apex brings on 25-year fund administration expert that helped build the alternative investment business development sales group at SS&C GlobeOp.
The new tool by BBH will give asset managers greater oversight of the net asset value (NAV) function performed by fund administrators.
James Ferguson teams up again with former colleague Stephanie Miller, who became CEO of Intertrust earlier this year.