Apex Group Ltd (“Apex Group”), a global financial services provider specialising in fund administration, asset servicing, and corporate solutions, will further strengthen its presence in Australia by executing a lift-out agreement to onboard Mercer’s stand-alone superannuation administration operations.
This strategic lift-out enables Apex Group to integrate Mercer’s experienced administration team and operational capabilities directly into its own business, enhancing service delivery and continuity for clients.
The transaction, subject to Australian Competition & Consumer Commission (ACCC) and Foreign Investment Review Board (FIRB) approval, is expected to complete around the end of the first quarter of 2026.
With 400 employees in Australia providing a range of administration services to more than 800 funds within the industry, Apex Group has extensive local knowledge of the superannuation market.
Peter Hughes, CEO and Founder of Apex Group said;
“Australia offers strong growth potential for us. The superannuation technology and servicing sectors are a key strategic focus for Apex Group, and by combining innovative technology with high-quality service, we are committed to delivering market leading superannuation administration to funds and their members”
“We aim to expand our operations in Illawarra and across Australia, creating more opportunities for staff and increasing our presence.”
Antony Proksa, Chief Operating Officer, Mercer Pacific stated:
“Mercer’s decision to transition our stand-alone superannuation administration business aligns with our strategic objective to focus on growing our core wealth businesses in superannuation and investments, alongside Mercer Workforce Solutions and Mercer Marsh Benefits.”
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About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
Apex Group has strong ambition to be the market leader in superannuation administration in Australia.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Mercer
Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective.
For more information, visit www.mercer.com, or follow on LinkedIn and X.
