Apex Group announces the close of Link Asset Services’ CPCS business and Throgmorton acquisitions

London, July 1, 2019 — Apex Group Ltd. (“Apex”), the global financial services provider, today announces the successful closing of the acquisition of the Corporate and Private Client Services (“CPCS”) and Throgmorton businesses of Link Group’s Asset Services division.

This announcement marks an important inflection point for the group as it solidifies its position as a full service global financial services provider.The acquisition of CPCS and Throgmorton adds over 600 employees and 6,000 clients to the Apex Group, across multiple markets, and bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland.

Over the past eighteen months, Apex has continued to expand its capabilities to meet client demand  successfully executing a programme of strategic acquisitions to deliver on its ambition to offer a unique end-to-end solution for global asset managers and allocators. The acquisitions, which include Deutsche Bank’s fund servicing business and M.M.Warburg & CO’s Asset Management and servicing business in Luxembourg, have enabled the firm to deliver a full suite of products beyond core fund accounting with the firm now offering four key service areas: open-ended fund administration, private equity and real estate fund administration, banking and depositary plus corporate services solutions.

Peter Hughes, CEO and Founder 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 integration of their well-established corporate services offering. We are now able to offer our clients a truly comprehensive solution across the full ecosystem of third party providers global asset managers and allocators would usually use.”

Matt Claxton, former CEO of Corporate & Private Clients for Link Asset Services, now Global Head of Corporate Services and Private Clients for Apex Group Ltd. said,

“Apex has achieved phenomenal growth and advanced in so many ways to become an impressive global financial services provider. 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. Our businesses add an additional layer to Apex’s market leading capabilities. I am delighted to be part of this impressive organization and look forward to contributing to, and being part, of its ongoing success”.

Macquarie Capital served as financial advisor and Willkie Farr & Gallagher LLP provided legal counsel to Apex for the aforementioned transaction.

About Apex

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 40 offices worldwide and 3,000 employees, Apex delivers a broad range of solutions to asset managers, multinationals and financial insitutions: including fund administration, regulatory solutions middle office, banking, depositary, custody and corporate services, covering the full service ecosystem for its clients. Apex administers over $650 billion in assets globally. https://theapexgroup.com

About Link Asset Services

Link Asset Services works in partnership internationally with almost 7,000 clients including asset managers and investors, business managers, asset owners, trustees, issuers and borrowers.  We provide the infrastructure through which assets are secured or deployed in both regulated and unregulated markets.  The 3,000+ staff of Link Asset Services deliver more than 70 closely aligned services and help capital flow through the financial markets by processing £45bn of payments annually; as well as protecting and safeguarding more than £600bn held in funds, entities and other instruments.
 
Link Asset Services administers and safeguards assets across ten highly-regulated European jurisdictions.  We work with a broad range of market segments, industries and asset classes, including equities, bonds and debt, and real assets.  We work closely with regulators, industry bodies and market intermediaries.  Our clients often procure multiple services from us and our approach and execution success has enabled us to build market leading positions across all of our business lines:
- Link Market Services (share registration, investor relations, share investment services and treasury)
- Link Fund Solutions (UCITS ManCo, AIFM, fund administration, transfer agency, ISA plan management)
- Corporate and Private Client Services (finance and accounting, outsourcing services, trust and company services, including inter-generational transfers)
- Banking and Credit Management, through the Asset Services brand provides loan origination and servicing, debt work-out, compliance and regulatory oversight.
 
About Link Group (ASX: LNK)

Link Administration Holdings (Link Group) administers financial ownership data and drives user engagement through technology.  Underpinned by its investment in technology, people and processes, it delivers comprehensive data and information solutions for companies, large asset owners and trustees across the globe.
For more information, please visit: www.linkgroup.com

Media contacts:

Rosie Guest, Global Head of Marketing and Communications, rosie@apexfunds.co.uk
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The information in this notice is intended for general guidance only. Throgmorton does not accept any responsibility for losses incurred to any person acting or refraining to act as a result of the information in this notice.  Advice should be taken in the context of specific circumstances.