Apex Group acquires Finix Group 17 October 2024Chile Reporter: Clelia Frondaroli
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Apex Group has acquired Finix Group, a financial services firm based in Chile.
Finix Group provides fund administration and back office services to global investment entities, with an established market base in Chile. This acquisition marks Apex Group's expansion into the Latin American market, with teams currently operating in both Brazil and Uruguay.
As part of the agreement, Finix Group's clients will now also be able to access portfolio, investment administration and transaction support services via Apex Group.
Commenting on the acquisition, Peter Hughes, founder and CEO of Apex Group, states: “Having already firmly established roots in both the Brazilian and Uruguayan markets, I’m extremely pleased to now further grow our footprint within the Latin American market with this acquisition.”
Founder and executive director of Finix Group, Raimundo Ducci, concludes: “The integration with Apex Group marks a significant milestone in the company’s internationalisation efforts, reinforcing the progress we've made.”
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