This strategic acquisition further strengthens Apex Group’s standing as a leading provider of administration and custody services to New Zealand’s investment industry. Further, it will add 37 new employees and $NZ55 billion of assets under custody and administration to Apex Group in New Zealand.
Trustees Executors’ clients will now benefit from Apex Group’s single-source solution, including access to a broad range of services such as capital raising, distribution and administration solutions, as well as pioneering ESG and sustainability services, all of which are being supported by best-in-class technology platforms. As a global service partner, Apex Group offers its clients global perspective and local insight, delivered by its 13,000 plus employees in over 50 countries.
Donna Mason, Apex Group New Zealand Country Head, says:
“We welcome Trustees Executors’ custody and investment accounting team to the Apex Group family, as well as its clients, who will benefit from the efficiencies and new growth possibilities created by our expert global and local teams.
“Apex Group remains committed to expanding access to our offerings for clients. We look forward to further enhancing our technology-enabled solutions to service the asset management industry in New Zealand.”
Rob Russell, chair of Trustees Executors Limited, says:
“We are delighted to announce the successful completion of the transfer of our custody and investment accounting business to Apex Group in New Zealand. Our highly reputable custody and investment accounting services, along with our experienced professionals, will be a valuable asset to Apex Group and provide clients with service continuity. Apex's wider suite of products and services will further benefit our clients, so we are pleased to hand over this business division to Apex Group.”
Bell Gully acted as legal advisors to Apex Group on the transaction.
Newsroom
Chanel Townsend | Head of media relations
Chanel.Townsend@apexgroup.com | +447391046830
Trustees Executors media contact
Stuart McLaren | Stuart.Mclaren@trustees.co.nz
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Trustees Executors Limited
Trustees Executors Limited was established in 1881 and is Aotearoa, New Zealand's longest-standing Trustee Company. For over 140 years, Trustees Executors provided individuals and families with financial, estate planning, and trust solutions. For over five decades, Trustees Executors has provided services to the corporate sector through corporate supervision trustee services, and fund administration services.
Trustees Executors administers over $225 billion of client investment assets through its Corporate Supervision and Registry divisions.
