The fund administration landscape is changing as consolidation continues, client demands evolve and technology needs increase. Eric Bernstein, president at Broadridge Asset Management Solutions gives his take on the different approaches of providers in this space.
The acquisition of Sanne would add a further £500 billion of assets to Apex’s ranks, tipping the fund administrator over the $2 trillion mark in AUA
New improved offer from Apex Group puts SS&C on the clock to submit an improved offer for the sought-after Australian fund services provider.
Mainstream has notified SS&C of the superior proposal, and has given the group until Thursday 6 May to match or offer more.
Another M&A deal for growing fund administrator TMF Group as it takes its assets under administration to $150 billion.
Depositary will become part of the JTC group which also consists of the recently acquired NES Financial.
The deal for the US alternatives fund administrator will add $140 billion in AuA and over 200 accounting experts to Alter Domus.