Apex Group acquires Trustees Executors’ custody business
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Apex Group acquires Trustees Executors’ custody business 01 October 2024New Zealand Reporter: Clelia Frondaroli
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Apex Group has acquired Trustees Executors’ custody and investment accounting business.
This marks the expansion of the company’s New Zealand investment operations footprint, and is said to strengthen Apex Group’s standing as a provider of administration and custody services in the region.
Trustees Executor’s clients will now receive access to Apex group’s capital raising and distribution solutions, which will be supported on its technology platform.
New Zealand country head for Apex Group, Donna Mason, comments: “Apex Group remains committed to expanding access to our offerings for clients. We look forward to further enhancing our technology-enabled solutions to service the asset management industry in New Zealand.”
Rob Russell, chair of Trustees Executors, concludes: “We are delighted to announce the successful completion of the transfer of our custody and investment accounting business to Apex Group in New Zealand. Apex's wider suite of products and services will further benefit our clients, so we are pleased to hand over this business division to Apex Group.”
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