Apex Group Acquires Trustees Executors Custody and Investment Accounting Business

Highlights:

• Strengthened Service Offerings: Apex Group enhances its service capabilities in New Zealand’s investment sector through the acquisition of Trustees Executors’ Custody and Investment Accounting business.
• Seamless Transition: The integration of Trustees Executors’ team into Apex Group ensures a smooth transition for investment managers and their clients, maintaining uninterrupted service.
• Comprehensive Client Benefits: Clients will benefit from Apex Group’s global single-source solution, including digital banking, fundraising, distribution, administration solutions, and ESG Rating, reporting, and advisory services.

Apex Group is set to acquire Trustees Executors’ Custody and Investment Accounting business, a strategic move to enhance its service offerings in New Zealand’s investment sector. Trustees Executors, known for its corporate supervision, trustee services and fund administration services, will see its Custody and Investment Accounting division integrated into Apex Group.

Enhanced Service Capabilities

This acquisition strengthens Apex Group’s ability to provide comprehensive administration services to New Zealand’s investment industry. The transition will be seamless for investment managers and their clients, as Trustees Executors’ Custody and Investment Accounting team joins Apex Group. Notably, the deal does not include Trustees Executors’ Corporate Supervision or Registry divisions.

Benefits for Clients

Trustees Executors’ clients will gain access to Apex Group’s global single-source solution. This includes a range of services such as digital banking, fundraising, distribution, administration solutions, and pioneering ESG Rating, reporting, and advisory services. Apex Group’s extensive suite of services aims to offer a convenient and efficient relationship for clients, covering the full value chain of their business needs.

Apex Group's statement emphasized the strategic advantage this acquisition brings, allowing it to offer a more robust and integrated service to its clients in the investment industry. This move positions Apex Group to better meet the evolving needs of investment managers and their clients, ensuring a smooth and beneficial transition.

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