Apex Group enhances UK offering with the addition of IASL

Apex Group, a global financial services provider, has acquired the transfer agency business, Investor Administration Solutions Limited (IASL).

The acquisition of IASL, from parent company Professional Partners Administration Limited (PPAL), complements Apex’s existing advanced transfer agency platform and integrates a team of transfer agency experts into its UK operation.

The addition of the IASL business enhances the group’s UK offering through enabling the delivery of transfer agency services to clients within the UK retail market, explained Apex.

Peter Hughes, founder and CEO of Apex Group, commented: “The acquisition of IASL further demonstrates our ongoing commitment to continually enhancing our service offering and the highly experienced IASL team will expand our transfer agency services in the UK retail market, further strengthening our single-source model.”

Paul Wilcox, founder and chairman of PPAL added: “We are excited for our specialist transfer agency team to join one of the largest and fastest growing independent financial service providers with a reputation for upholding excellent client service.”

“This acquisition is good news for our clients who will benefit from Apex’s model, receiving an efficient and comprehensive service underpinned by specialist expertise and fully integrated technology systems,” added Wilcox.

Apex Group is the latest in the financial services industry to have made an acquisition.

Elsewhere, GRC signed an agreement to acquire eOriginal, a provider of cloud-based digital lending software, for approximately €231 million in cash, and DTCC acquired Publicis Sapient’s Compliance Management Reporting System.