The financial services provider said it is buying the parent company of Implemented Investment Solutions (“IIS”) and InvestNow.
This follows Apex Group’s recent entry into the market with the addition of MMC, which provides fund and wealth administration services to the New Zealand investment market.
IIS and InvestNow will become part of Apex Group in New Zealand, alongside the former MMC business.
Anthony Edmonds, Founder and CEO of the IIS Group, and Gareth Fleming, CFO and Executive Director will hold senior management roles in the combined business, driving continued growth and providing continuity for clients.
Peter Hughes, Founder and CEO of Apex Group said: “New Zealand’s investment management community continues to grow, and with the addition of IIS and InvestNow, will enable us to further deliver our single-source solutions for investors participating in, and serving the local market through locally domiciled funds. We remain committed to increasing the depth of our services on a global scale, to enable our clients to reach their potential.”
Pictured top: Peter Hughes.