New chapter for Apex Group with Trustees Executors acquisition

Trustees Executors' custody and investment accounting business had $55b worth of assets under custody and administration. (Image: Getty)

Staff reporters

Tue, 01 Oct 2024

Apex Group has successfully expanded its footprint in New Zealand through a takeover of Trustees Executors’ custody and investment accounting business, an acquisition that was officially completed on Tuesday. Apex said the “strategic acquisition” would expand Apex Group NZ by adding 37 new employees and $55 billion worth of assets under custody and administration.“Trustees Executors’ clients will now benefit from Apex Group’s single-source solution, including access to a broad range of services …...

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