Apex acquires CPCS and Throgmorton of Link Group 01 July 2019London Reporter: Jenna Lomax
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Apex Group has acquired Corporate and Private Client Services (CPCS) and the Throgmorton businesses of Link Group’s asset services division.
The acquisition of CPCS and Throgmorton adds over 600 employees and 6,000 clients to the Apex Group across multiple markets.
The closing of the acquisition comes after Apex acquired Deutsche Bank’s fund servicing business and M.M.Warburg & CO’s Asset Management and servicing business in Luxembourg.
In recent months, Apex has also acquired Broadscope Fund Administrators, a US-based private equity fund administrator, as well as Atlantic Fund Services, Beacon Fund Services (Bermuda) and Ipes.
Peter Hughes, CEO and founder of Apex, commented: “I am very proud of what we have accomplished at Apex. The addition of CPCS and Throgmorton solidifies the final pillar of our four core service segments through the integration of their well-established corporate services offering.”
Matt Claxton, global head of corporate services and private clients for Apex Group, said: “As part of the Apex Group, both CPCS and Throgmorton clients will benefit from enhanced global expertise across the broadest range of solutions in the industry.”
He added: “Our businesses add an additional layer to Apex’s market-leading capabilities. I am delighted to be part of this impressive organisation and look forward to contributing to, and being a part of its ongoing success.”
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