The Apex Group has acquired Maitland to further grow its fund administration reach in several regions in Africa, the European Union and the United Kingdom. Maitland was established in Luxembourg over 40 years ago and has a long list of wealthy family offices in its client base with more than US$200-billion in assets under administration in Luxembourg, the United Kingdom and South Africa. The acquisition amount or the stake acquired was not disclosed.
The Apex Group provides an extensive range of services across a full value chain to asset managers, capital markets, corporates and family offices. Services include fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services and business services (including HR and Payroll and a pioneering ESG Ratings and Advisory services) for private markets. Apex Group has 45 offices in various international regions.