Apex acquires MJ Hudson data and analytics 23 May 2023Luxembourg Reporter: Lucy Carter
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Apex Group has announced its acquisition of MJ Hudson’s data and analytics division, subject to regulatory approval. Part of the outsourced services arm, products include ESG, custodian bank benchmarking, quantitative solutions and investor relations services.
The business units, including management company businesses in Luxembourg and Ireland and Channel Islands fiduciary and fund administration, will be rebranded as part of Apex. They collectively hold approximately €80 billion in assets under management.
Through the acquisition, Apex will develop its ESG ratings and advisory services, gain employees and be able to scale its operations in this area. MJ Hudson’s clients will benefit from a greater range of advisory and technological services, Apex says.
Peter Hughes, founder and CEO of Apex, says: “[The acquisition] will deepen our service offering and will add complementary solutions, including in the fast-growing ESG space. As we drive positive change in the industry, we will continue to evolve our ESG solutions to be the best partner for our clients.”
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