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Apex Group adds to depositary capabilities with European acquisition

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Apex Group Ltd (Apex) has acquired Darwin Depositary Services (Darwin), a provider of depositary services to Alternative Investment Funds.

Darwin, a leading independent AIFMD depositary in mainland Europe, provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Apex Group currently delivers depositary services through subsidiary European Depositary Bank (EDB) in Luxembourg, Ireland, UK and Malta; the addition of the Darwin business will add €4.5bn of Assets under Depositary to the Group (as at 31 May 2022), expanding the geographic scope of its independent depositary services. Darwin’s experienced management team will become part of the Apex Group’s global team, ensuring continuity of exceptional service levels for existing and future clients.
Apex Group already provides depositary services to a vast range of regulated fund types, underpinned by top-tier technology and workflow systems. Darwin’s clients will benefit from the simplicity and efficiency of a single relationship with a global service partner across the full value chain of their business; including custody, digital banking, super ManCo and ESG Rating & Advisory solutions.

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