Apex Group acquires IPMC 18 April 2024South Africa Reporter: Jack McRae
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Apex Group has acquired IP Management Company (IPMC), in an effort to expand their South African reach.
The acquisition of the South African unit trust management company adds new expertise in collective investment scheme administration and foreign collective investment scheme representation, for Apex Group.
Peter Hughes, founder and CEO of Apex Group, says: “IPMC will provide white-label, collective investment portfolio administration to third party investment managers. The additional scale and resources are needed to continue delivering our solutions to our African and global clients”.
Brett Paton, director of IPMC, adds: “This [collaboration] will enable clients to achieve further resource, time, and cost efficiencies in their operations via third-party ManCo solutions supplemented with fund distribution and administration, banking, depositary and custody services, all available through one relationship.”
IPMC’s clients have access to Apex Group’s global single-source solution which provides services across the full value chain of their business.
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