Apex takes on Mercer's NZ fund admin business

Apex Group has expanded its presence in New Zealand, agreeing to onboard Mercer New Zealand's fund administration operations as part of its broader growth strategy across Australasia.

The transaction, expected to complete in the fourth quarter of 2026, will see Mercer's New Zealand administration team and operational capabilities integrated into Apex Group. The move is designed to ensure continuity of service for clients while strengthening Apex's fund administration and registry capabilities in the local market.

The agreement builds on Apex's existing operations in New Zealand, where it employs more than 200 staff providing administration services across KiwiSaver, superannuation and investment products to more than 500 funds. Its local footprint also includes the ManGo funds hosting business and the InvestNow direct to consumer investment platform.

As part of the integration, Apex's technology partner Novigi will also expand into New Zealand, supporting the group's evolving operating model and providing data, technology and digital delivery services across the region.

Apex Group chief executive Peter Hughes said New Zealand remained a key market within the firm's regional expansion plans.

"Australasia is a priority growth region for Apex Group, and New Zealand is a key part of that strategy," said Hughes.

"This agreement reflects our disciplined, long-term approach to building scale and capability in the market. We are bringing Mercer's experienced administration team into Apex Group while continuing to invest in technology through the expansion of our partnership with Novigi."

He said the combined investments would strengthen the group's platform, create opportunities for employees and support the delivery of "consistent, market-leading outcomes for clients," as Apex deepens its presence across New Zealand.

The latest transaction follows Apex's growing activity in the Australian administration market.

Earlier this year, Apex announced it would acquire Mercers standalone Australian superannuation administration operations, integrating the administration team and capabilities into its own business. At the time, Hughes described Australia's superannuation technology and serving sector as a key strategic focus, citing strong growth opportunities for the business as it expands its administration footprint across the region.