Apex Group acquires NZ custody and accounting business

▤ Summary

Apex Group has announced the acquisition of the custody and investment accounting business of New Zealand-based financial services firm Trustees Executors. The acquisition will expand the fund administrator’s presence in the country The investment was made through Wafra’s Capital Constellation strategy The fund administrator recently launched its AIFM service in Luxembourg The ESG data firm will use the funding to expand its team The acquisition will allow TMF Group offer end-to-end support to funds and institutional clients in Australia

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