Apex has completed its acquisition of the fund services and third-party ManCo business operations of Maitland International Holdings plc, the South Africa-based fund services provider. Maitland provides services for 120 direct investment managers and 25 fund sponsors, with >USD200bn AuA and USD17bn AuM. Maitland’s 570 employees will join the group, expanding Apex’s existing presence in the UK, Guernsey and Luxembourg and will grow its recently established footprint in South Africa. Apex’s 2022 acquisition of Sanne Group added 500 employees in Cape Town. Apex plans to hire over 500 new staff in Johannesburg over the next twelve months.
