Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
≔ Menu
Securites Lending Times logo
Leading the Way,

Global Asset Servicing News and Commentary.
News by section
Subscribe
⨂ Close
  1. Home
  2. Fund services news
  3. Apex completes acquisition of Deutsche Bank AFS
Fund services news

Apex completes acquisition of Deutsche Bank AFS


19 June 2018 Frankfurt
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
Apex Group has completed the acquisition of Deutsche Bank Alternative Fund Services (Deutsche Bank AFS).

According to Apex, the acquisition of Deutsche Bank AFS strengthens Apex’s breadth of service, including the addition of depositary and custody services, and builds on the strong working relationship and history of collaboration between the two companies.

Deutsche Bank AFS employees will be fully integrated into the Apex team, and Deutsche Bank AFS clients will gain immediate access to an additional 18 jurisdictions, as well as Apex’s local service delivery model.

Apex also recently acquired M.M.Warburg & Co’s Asset Management Servicing, as well as private equity fund administrator, Ipes.

Peter Hughes, founder & CEO of Apex Fund Services, said: “The close of this deal is an important milestone in Apex’s evolution. We are now in a truly unique position to add genuine value to our clients as an independent provider with robust banking capabilities and services.”

He added: “Using a separate team has meant that no clients have been impacted or lost between signing and closing, while at the same time significant new business has still been won and on-boarded. We now look to replicate this successful process with our other acquisitions as we maintain our growth momentum.”

David Rhydderch, president at Apex Fund Services, and former global head of alternative fund services at Deutsche Bank, commented: “The similarities between Apex and Deutsche Bank AFS were apparent from the outset. A clear focus on client service means the transition to combine our services has been seamless and as the newly combined Apex Group we remain committed to our goal of prioritising our clients’ needs.”

He added: “We are now focusing on integrating the Warburg business and are confident that both of these acquisitions will generate more innovative ideas, products, and services that will propel us forward as industry leaders.”
← Previous fund services article

Northern Trust partner with Lumint
Next fund services article →

Apex announces acquisition of Ipes
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ Deutsche Bank

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →