TE sells another business unit
Apex Group is acquiring Trustees Executors’ Custody and Investment Accounting business.
Thursday, July 4th 2024, 11:17AM
Trustees Executors offers financial services to the corporate sector through corporate supervision trustee services and fund administration services.
The coming together of these two businesses strengthens Apex Group’s ability to provide a full suite of administration services to New Zealand’s investment industry.
Under the deal Trustees Executors’ Custody and Investment Accounting business and people transfer to Apex Group, while ensuring
this is seamless from the perspective of investment managers and their end clients.
The acquisition does not include Trustees Executors Corporate Supervision or Registry divisions.
Trustees Executors’ clients will benefit from access to the Group’s global single-source solution, providing all services required across the full value chain of their business via one convenient and efficient relationship, Apex says in a statement.
This includes Apex Group’s digital banking, fund raising, distribution and administration solutions, as well as pioneering ESG Rating, reporting and advisory services.
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