Apex is to acquire MJ Hudson, a provider of services to the asset management industry, specialising in private markets and alternative investments.
MJ Hudson offers a range of services including ESG solutions, ManCo services, custodian bank benchmarking, Channel Islands fiduciary and fund administration, as well as investor relations and marketing solutions.
As part of the mandate, MJ Hudson’s Irish ManCo team will join Apex’s team in Dublin.
MJ Hudson’s ManCo services in Ireland and Luxembourg will add approximately €80 billion of assets under management to Apex Group’s existing European ManCo offering, delivered via subsidiary brand FundRock, in Luxembourg, the UK and Guernsey.
MJ Hudson’s data and analytics business – including ESG amongst other services – will complement Apex Group’s existing ESG ratings and advisory offering, which was launched in 2019.
MJ Hudson’s Channel Islands fiduciary and fund administration businesses, as well as its investor relations and marketing solutions business units, will extend Apex Group’s global financial services offering.
The clients of these divisions will also benefit from additional services such as digital banking, depositary and custody solutions.
This is the latest in a series of strategic acquisitions for Apex Group, including integrations of Sanne Group and Maitland, which continue to expand its geographic footprint and service offerings to clients.
Peter Hughes, founder and CEO of Apex, says: “We are pleased to announce the acquisition of these businesses which will deepen our footprint in Europe, particularly with regard to ManCo and fund administration solutions, and will add complementary advisory services, including in the fast-growing ESG space.”
Geoff Miller, chairman of MJ Hudson, adds: “With significant global reach and leading technology, Apex Group offers the right platform for our teams to continue supporting asset managers with the right resources, advice and technology to meet their evolving outsourced service requirements.”
