Apex Group (Apex) has acquired New Zealand-based Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions (IIS) and Invest Now, in an expansion of its New Zealand operations.
IIS allows global fund managers to establish and distribute New Zealand-domiciled funds to their investors. The company provides investment services to specialist investment managers, adviser groups, and KiwiSaver providers, amongst other clients. ISS issues and manages 22 investment schemes, and holds approximately NZ$5 billion of assets under management (AuM).
The digital retail investment platform InvestNow provides more than 25,000 clients with the opportunity to invest in over 150 managed funds. The company’s clients manage approximately NZ$1.3 billion of assets.
The mandate follows Apex’s recent entrance to the New Zealand market, and will bring the company’s New Zealand employee count to more than 200.
Anthony Edmonds, founder and CEO of IIS and InvestNow, comments: “We are excited to be joining Apex Group to build on our success and offer a wider range of services to our clients. Both our clients and employees will benefit from leveraging Apex’s global fund hosting and management company capabilities, enabling investment managers to offer their investment solutions in the New Zealand market. Apex’s global capability and experience enables us to continue to grow.”
Peter Hughes, founder and CEO of Apex, adds: “New Zealand’s investment management community continues to grow, and the addition of IIS and InvestNow will enable us to further deliver our single-source solutions for investors participating in, and serving the local market through locally domiciled funds.”
