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Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the planned acquisition of Bank of America Custodial Services (Ireland) Limited (“BACSIL”), the Irish depositary business of Bank of America. Apex Group will acquire BACSIL through its subsidiary European Depositary Bank (“EDB”).
BACSIL is a depositary solution for onshore and offshore funds servicing a multitude of blue-chip clients consisting of UCITS, Alternative Investment Funds and offshore depo-lite fund structures, across a wide range of strategies. The BACSIL business, based in Dublin, provides depositary services to client assets of $71.4bn (as at December 31, 2022).
Apex Group’s existing depositary services delivered by EDB, support a range of...
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