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Acquisition includes purchase of Australian subsidiary IFAA
Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the close of the acquisition of MMC Group (“MMC”), New Zealand’s leading provider of investment administration services, which includes the wholly-owned IFAA Group (“IFAA”) in Australia that offers fund administration, compliance and auxiliary services to the Australian superannuation industry.
Founded in 2005, MMC provides full outsourced investment administration services to New Zealand’s investment managers. MMC has grown to administer funds over NZ$100 billion (US$68bn) and over 900,000 active investor portfolios, with over 100 clients entrusting MMC with their investment administration...
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