As Apex Group beats out M&A rival to secure deal for the coveted Mainstream Group and earns new private equity backing, its founder and CEO says the acquisition sends a statement to the market.
Fund services veteran leaves SS&C amid major organisational restructure which sees a new private markets group, and the combination of ALPS Fund Services and its brokerage offering under GlobeOp.
Fund services giant says it will no longer exercise its matching rights in the bidding war for the Australian fund administrator.
The momentum follows the highlighted need for insurers to re-align their investment operating models.
BNY Mellon will deliver transfer agency services for two Invesco fund ranges which it already provides custody and fund administration services.
Fund services provider to co-operate on strategic initiatives important to Davis Advisors, including fraud prevention and digitising financial advisors’ communications with clients.
Latest offer will see the Australian fund administrator consider offers from SS&C and Apex before deciding on suitor.
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.
With its first office in Singapore, the tech vendor aims to capitalise on the growth of the region’s private markets.
SS&C pulls major offer for Australian fund administrator a month after submitting its bid.