Apex Group Limited, a global financial services provider, has finally concluded the acquisition of GFin Corporate Services Limited following regulatory approval from the Financial Services Commission.
The integration of GFin is expected to enhance Apex’s long-established presence in Mauritius, supporting the provision of an extensive range of locally delivered fund administration and corporate solutions to clients, according to a statement on Wednesday by its Head of Media Relations, Antonia Powell.
Apex explained that it would, through the acquisition, allow GFin’s clients to benefit from its international footprint and access new markets through the company’s globally connected operating model across 45 offices.
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“The acquisition of the GFin business, which will operate under the Apex Group brand, adds 130 qualified professionals with a focus on funds and cross-border investment servicing to the group,” it stated.
Commenting on the acquisition, the Founder and Chief Executive Officer of Apex Group, Peter Hughes, said, “With this acquisition, Apex is well positioned as the leading fund administrator in Mauritius to ensure that we deliver outstanding services and products which meet the requirements of each individual client.”Apex Group’s Chairman and Co-Founder, Chandra Gujadhur, noted, “We are pleased to announce the completion of this acquisition, a significant deal, which complements Apex’s established presence in Mauritius. The management team of GFin share our commitment to providing a responsive, dynamic and solution-oriented service which, coupled with Apex’s global operating model, will ensure the highest levels of client service.”
On their part, co-founders of GFin, Tej Gujadhur and Santosh Gujadhur, stated, “Our clients will benefit hugely from Apex’s global scale with services and products underpinned by best in class technology platforms. This transaction will enable us to better serve our new and existing clients by drawing on Apex’s global network, density of product and innovative solutions.”
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