Apex Group has completed its acquisition of MJ Hudson's business outsourcing division and non-regulated investment advisory business. The business outsourcing division constitutes MJ Hudson’s ManCo operations in Luxembourg and Ireland, Channel Islands fiduciary and fund administration, and investment advisory. The acquisition broadens Apex Group’s ManCo service provisions, delivered under the FundRock brands. It will also increase the group’s presence in the Channel Islands, with approximately 200 clients using MJ Hudson’s fiduciary and fund administration services in the region. MJ Hudson’s Irish ManCo business will continue to operate under the Bridge Fund Management brand, providing third-party management company and fund governance services to Irish-domiciled UCITS and alternative investment funds. The company’s Luxembourg ManCo will be integrated into the FundRock brand. Earlier this year, Apex completed the acquisition of MJ Hudson’s unregulated data and analytics businesses, rebranding the quantitative solutions business as Clarus Risk, an Apex company. Peter Hughes, founder and CEO of Apex, says: “MJ Hudson’s clients will benefit from the simplicity of a single relationship with a global service partner across the full value chain of their business. We will continue to support our clients to achieve greater efficiency and to meet their resourcing requirements across all major European investment jurisdictions. “We are excited by the opportunity we see in the Irish market to address growing demand from non-EU managers and the Boards of Irish self-managed funds, to partner with an established institutional third-party management company.”
