MJ Hudson, the end-to-end solutions provider to the asset management industry, today announced that it has entered into an agreement for the bulk of its operating businesses to join Apex Group Ltd., a global financial services provider.
Subject to shareholder approval, the agreement will see MJ Hudson’s market-leading and award-winning Data & Analytics and Business Outsourcing divisions join one of the world’s largest financial services providers. The transfer of regulated business units within the Business Outsourcing division is subject to the usual regulatory approvals.
Apex Group was founded in 2003 and has grown to more than 12,000 employees (including announced acquisitions), working from 94 offices in 38 countries. It provides its clients with a full suite of products and services that span the value chain. Apex Group has significant integration experience, and a dedicated team has already begun work to ensure that the process is smooth for both clients and staff.
Geoff Miller, Chairman of MJ Hudson said:“I am delighted that we have reached this agreement for MJ Hudson’s operating businesses to join Apex Group, providing stability and continuity for our staff and clients. Apex Group is a dynamic new owner for our business, providing excellent growth prospects through a robust global network and we look forward to the additional services we can now provide to our clients. We are excited by the opportunities this transaction offers as we start a new chapter with Apex Group.”
Peter Hughes, Founder and Chief Executive Officer of Apex Group said: “Over the past few months, I have had the privilege of spending significant time with MJ Hudson team members, from across the firm. I am thrilled that we can soon count these exceptional people as part of the Apex Group family. We look forward to sharing our knowledge and experience for the benefit of our clients and to driving positive change in the financial services industry, together.”
