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Apex Group Ltd. ("Apex" or "The Group"), one of Luxembourg's largest financial services providers and employers, announces today the planned acquisition of Darwin Depositary Services ("Darwin"), a provider of depositary services to Alternative Investment Funds.
Darwin, a leading independent AIFMD depositary in mainland Europe, provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Apex Group currently delivers depositary services through subsidiary European Depositary Bank ("EDB") in Luxembourg, Ireland, UK and Malta; the addition of the Darwin business will add €4.5bn of Assets under Depositary to the...
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