Apex expands to New Zealand

Fund administrator group Apex Group announced its foray into New Zealand with the acquisition of MMC Global, an administrator with over NZ$100 billion ($68 billion) in AUA.

The acquisition of the MMC business marks Apex Group’s entry into the New Zealand geography through the addition of an office of 170 people, based in Auckland.

This is the latest in a series of global acquisitions for Apex and follows the recent close of acquisition of Australia-based Mainstream Group. Apex now operates from 50 offices worldwide, with 5,000 employees servicing $1.5 trillion . . .

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