Apex Group Ltd ("Apex Group"), a global financial services provider with over $3.5 trillion in assets serviced, today announced that it has surpassed ZAR 5 trillion ($300 billion) in assets under administration (AUA) in South Africa, marking a significant milestone for its regional platform.
This milestone reflects sustained growth in Apex Group’s African business since entering the market in August 2022, supported by continued investment in people, technology, and infrastructure.
Apex Group has expanded its presence across Africa to seven offices spanning four countries and now employs more than 1,200 people across the region. The firm supports both domestic clients and international mandates, with South Africa serving as a key hub for servicing global clients.
“Reaching ZAR 5 trillion in assets under administration is a meaningful milestone for our business in South Africa,”
said Alan Keet, Regional Head for Africa at Apex Group.
“It reflects the trust our clients place in us, as well as the levels of precision, flex and scalability of the integrated ecosystem we have built over many years.”
Growth has been driven by a combination of new client onboarding and the expansion of existing mandates. Apex Group’s clients in South Africa have grown their assets significantly over the past three years, contributing to the overall scale of the platform.
The firm continues to invest in its transfer agency and digitisation capabilities, as well as broader technology infrastructure, to support automation, operational efficiency, and scalability, while maintaining a high-touch client service model.
“Our focus has been on building a stable, scalable platform that can support clients as they grow and future-proof their businesses,”
added Alan Keet.
“We continue to invest in automation to improve efficiency, while maintaining a client engagement model that supports both large institutions and emerging managers.”
Apex Group’s South African operations benefit from experienced leadership, a diverse global and local client base and product offering, and the ability to make continuous technology and people investments with an eye on the future.
This milestone reinforces Apex Group’s long-term commitment to South Africa and the broader African financial ecosystem.
Newsroom
Marion Janic I Head of Media Relations
Marion.Janic@apexgroup.com
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, as well as digital and AI solutions. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
