Log In

Reset Password

New Apex strategic investment

First Prev 1 2 Next Last

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the acquisition of Best Alternative Advisory Services, an Indian-based boutique and specialised financial services provider for global asset managers.

This acquisition adds assets under administration of $30 billion to the Apex Group and an additional 35 employees based in Mumbai.

The company said Best will now rebrand and operate under the Apex Group name, supporting managers across asset classes with a wide range of specialised services including risk management, investment operations, compliance, tax, client reporting and bespoke solutions tailored to each client.

Apex said this strategic acquisition reinforces the group’s commitment to providing the broadest range of solutions in the industry, delivered locally. The addition of Best will support current and future Apex clients looking for support in these specialised servicing areas from a highly tailored perspective.

It added that Best’s clients will now benefit from Apex’s global presence as well as access to the widest range of high-quality services in the industry, including digital banking and a pioneering ESG ratings and advisory offering, underpinned by best-in-class technology platforms.

Apex now operates from more than 50 offices worldwide, with 9,000 employees. After the upcoming close of previously announced acquisitions, Apex will provide services to assets of $2.4 trillion.

Peter Hughes, founder and CEO of Apex, said: “We are pleased to announce the close of this latest strategic acquisition. Our global office network, depth of product offering and single-source solution, will open new opportunities to Best’s clients.

“Best has demonstrated alignment with our commitment to building partnerships with clients to deliver a consistent and high-quality level of service, and we look forward to continuing this as Best operates as part of Apex Group.”

Peter Hughes, founder and CEO of Apex (File photograph)
Apex Group: has closed the acquisition of Best Alternative Advisory Services

You must be Registered or to post comment or to vote.

Published April 20, 2022 at 7:56 am (Updated April 20, 2022 at 7:56 am)

New Apex strategic investment

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon