Apex Group Ltd. (“Apex Group”), a leading global financial services provider with more than US$3.5 trillion in assets serviced, today announced that NtisoAkhona has acquired a minority stake in FundRock Collective Investments (RF) (Pty) Ltd (“FundRock Collective Investments South Africa”), reinforcing Apex Group’s commitment to local ownership and the continued growth of its South African operations.
The investment builds on the longstanding relationship between Apex Group and NtisoAkhona and further strengthens FundRock Collective Investments South Africa’s position as a leading provider of collective investment scheme management. The transaction also aligns Apex Group’s South African operations with local ownership priorities while underscoring its commitment to one of its most important global markets.
Apex Group employs more than 1,200 people across Cape Town, Johannesburg and Pretoria, supporting clients with more than US$300 billion (ZAR 5 trillion) in assets under administration. FundRock Collective Investments South Africa is the largest unit trust management company (manco) in Africa, overseeing US$40 billion (ZAR 650 billion) in assets under management.
NtisoAkhona is a Black-owned investment consortium led by respected South African business leaders Mcebisi Jonas and Noluthando Gosa. Already a shareholder partnerin other Apex Group South African businesses, NtisoAkhona is expanding its investment in the Group through this transaction, further strengthening Apex Group’s Broad-Based Black Economic Empowerment (B-BBEE) ownership structure. Greenpoint Capital provided funding in support of the transaction and continues to partner with NtisoAkhona as a funding partner, reinforcing the consortium’s ability to pursue long-term strategic investments.
Peter Hughes, Founder and Chief Executive Officer of Apex Group, said:
“South Africa is one of Apex Group’s most important markets globally and a key driver of our long-term growth strategy. Expanding our relationship with NtisoAkhona reflects our confidence in South Africa, our commitment to meaningful local ownership, and our shared ambition to continue building a stronger business for our clients, our people, and our partners.”
Mcebisi Jonas, Chairman of Ntiso Investment Holdings, said:
“We are pleased to deepen our partnership with Apex Group through this investment. Apex Group has consistently demonstrated its commitment to South Africa through investment in people, local capabilities and innovation. We look forward to supporting FundRock Collective Investments South Africa in its next phase of growth while continuing to deliver long-term value for clients and stakeholders.”
Newsroom
Marion Janic I Head of Media Relations
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.
