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Showing 1 - 10 of 54 results for "Apex"

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... LPL Financial, Raymond James & Associates each agreed to pay the largest penalty of US$50 million. Smaller firms such as Apex Fintech Solutions' Apex Clearing Corporation will pay US$6 million ($9m), and Truist Securities, which self-reported, will ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... Citigroup's $818.95; they saw growth of 10.9% and 2.7% in the first half, respectively. The most impressive growth was seen at Apex Group, jumping 25.6% to $37.06 billion. This was followed by Artega, whose assets under custody grew by close to 25% to ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... mortgage, senior secured Australian and New Zealand real estate loans via direct and indirect exposures. As RE, EQT appointed Apex Fund Services as the administrator for the fund, meaning it will provide general administrative tasks such as bookkeeping ...

NGS Super refreshes investment team, promotes three

KARREN VERGARA  |  FRIDAY, 26 JUL 2024
... investment governance, and ESG and responsible investment roles. Prior to NGS Super, King worked at IFAA Group (now part of Apex Group) for over a decade. Finally, Wendy Fang takes on the role of senior ESG research consultant, moving up from her most ...

Apex partners with Novigi

KARREN VERGARA  |  TUESDAY, 16 JUL 2024
Apex Group has awarded a mandate to Novigi which will provide superannuation data and technology services. Apex's Australian superannuation business, Apex Super, will use Novigi's services that includes data management platforms, API development, cloud ...

Carlyle, Goldman Sachs give $1.6bn boost to Apex

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2024
Carlyle Group and Goldman Sachs will inject more than $1.66 billion into challenger administrator and custodian Apex Group to support its growth ambitions. The commitments have been made by Carlyle's global credit business and Goldman Sachs Private ...

Apex, ACA partner to broaden client services

ANDREW MCKEAN  |  FRIDAY, 14 JUN 2024
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services. The collaboration will see the creation of co-referral arrangement aimed at improving client outcomes. "This partnership with ACA compliments our service ...

Bell Asset Management looks to exit RE services

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... responsible entity for any funds." It added that, with NAB Asset Servicing exiting the custody market, Perpetual intends to appoint Apex as custodian, administrator, and registry for the funds from April 21.

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... they also both changed service providers. The two switched out Citigroup as custodian for BNP Paribas, swapped OneVue for Apex Group as administrator, and dumped Diversa as trustee in favour of Equity Trustees. "Both Verve and Future Group share a commitment ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... the Rochford team as they strive to meet the needs of managed account investors with their innovative hedging solution." Apex Fund Services has been appointed custodian and administrator.
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