Apex Group has acquired the fund services and third-party management company business operations of Maitland International Holdings (Maitland), the international fund services provider, subject to regulatory approval.
As part of the acquisition, Maitland’s 475 employees will join Apex, expanding its existing presence in the UK, Guernsey, Luxembourg and South Africa.
Founded in 1976, Maitland provides a range of fund services including administration, transfer agency and management company services to 120 investment managers and 25 fund sponsor clients.
Maitland’s client base includes traditional, alternative and mutual funds across all fund types, strategies and investment styles.
The addition of Maitland will complement Apex’s existing geographic reach, fund administration offering and management company services, delivered under the FundRock and LRI brands.
This is the latest in a series of integrated global acquisitions for Apex including the recent addition of MMC Group, the New Zealand-based provider of investment administration services.
Peter Hughes, founder and CEO of Apex Group, comments: “By becoming part of Apex Group, Maitland’s clients and employees will benefit from access to the group’s scalable single-source solution underpinned by leading technologies, and services delivered through our global reach and connectivity.”
Steven Georgala, CEO of Maitland, comments: “On behalf of the board and our founding shareholders I wish to thank our staff and clients for their dedication and support, and I am confident that they will thrive and prosper within the Apex fold.”
