Apex Group completes purchase of MJ Hudson outsourcing division

Tuesday 10 October 2023

Global financial services provider Apex Group has announced the successful close of the acquisition of the business outsourcing division of MJ Hudson Plc following regulatory approval.

MJ Hudson’s Business Outsourcing business includes Management Company (“ManCo”) businesses in Luxembourg and Ireland, Channel Islands Fiduciary and Fund Administration, and Investment Advisory.

MJ Hudson’s Irish ManCo business will continue to operate under the Bridge Fund Management brand, regulated by the Central Bank of Ireland to offer independent third-party management company and fund governance services to both Irish domiciled UCITS and AIFs. 

With assets under management of over €76 bn, Bridge Fund Management is one of the largest ManCos in the Irish market.

Apex Group’s existing ManCo services, delivered under the FundRock brands, enable more than 1,200 funds with a total of €234 billion in assets under management in 12 countries, to streamline their operations. 

Apex Group further expands its presence in the Channel Islands, with the addition of MJ Hudson’s Fiduciary and Fund Administration business, which services around 200 clients in Jersey and Guernsey, for clients including funds, corporates and family offices.

Peter Hughes, Founder and CEO of Apex Group, said: “As part of Apex Group, MJ Hudson’s clients will benefit from the simplicity of a single relationship with a global service partner across the full value chain of their business. 

“With significant substance and technology, we will continue to support our clients to achieve greater efficiency and to meet their resourcing requirements across all major European investment jurisdictions. 

“We are excited by the opportunity we see in the Irish market to address growing demand from non-EU managers and the boards of Irish self-managed funds, to partner with an established institutional third-party management company.”