Edmond de Rothschild has entered into a definitive agreement to sell its Luxembourg-based third-party asset servicing activities to Apex Group. As part of this agreement, Apex will also acquire Edmond de Rothschild’s fund administration, transfer agency and custody activities for its private equity and infrastructure funds. The transaction is subject to customary conditions, including regulatory approvals, that are expected to be granted by mid-2024. Terms of the deal have not been disclosed.
