Apex Group has announced its planned acquisition of ZASMalta, a specialist provider of regulatory compliance and risk management services.
Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to $20bn of assets across 50 clients.
Its client base includes global MiFID firms, AIFMs, UCITS management companies and collective investment schemes, including self-managed and standalone schemes.
The acquisition expands Apex’s presence in Malta, where the business has been involved in the funds sector since 2008.
It is the latest in a series of acquisitions for Apex, including MMC Group and Maitland. Following completion of these acquisitions, Apex will operate from 85 offices in 42 countries, servicing an expected $2.75trn in assets across administration, depositary, custody and under management.
Peter Hughes (pictured), Founder and CEO of Apex Group, commented: “We are pleased to welcome the ZASMalta team to the group, further strengthening our offering in Malta - a forward-thinking and robust regulatory jurisdiction for funds, including emerging asset classes.”
The terms of the transaction are undisclosed. Ganado Advocates served as legal counsel on the transaction.