The head of Apex Group's marketing and sales initiatives has left after helping spearhead new revenue streams following its period of acquiring high-profile firms.
Heads of some of the most-active fund administration buyers in the industry tell Global Custodian the COVID-19 crisis will not deter those still looking to acquire.
BNP Paribas has been active in the depositary acquisition space in recent years, after acquiring Italy's third largest depositary bank in 2018.
SS&C acquires machine learning paper-to-digital data transformation platform.
Deal adds over 600 employees and 6,000 clients to the Apex Group across multiple markets.
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.
Deutsche Bank and Commerzbank both released statements over the weekend confirming that talks about being held to explore a potential merger.
Revenues for the technology giant more than doubled and reached nearly $3.5 billion for the end of 2018.
Apex will take its assets under administration to $600 billion after the acquisitions of the corporate services business from Link Group’s Asset Services