Edmond de Rothschild and Apex Group have entered into a strategic agreement where the Apex Group will acquire the third-party asset serving activities based in Luxembourg of Edmond de Rothschild, as well as their fund administration, transfer agent and custody activities for its Private Equity and Infrastructure funds. Beyond this acquisition, Apex Group will become a strategic provider for Edmond de Rothschild on these activities.

Through this agreement, Apex Group will also strengthen its position in Luxembourg with an agreement of hiring 115 people who will reinforce the Apex Group’s local team, bringing the number of employees in Luxembourg to 1,200.

Our Corporate/ M&A, Investment Management, Financial Services Regulatory, Employment & Benefits and Commercial & Litigation teams assisted the Apex Group throughout this acquisition which is still subject to regulatory approval. This is expected to take place by mid-2024 and the transaction is anticipated to close next September.

Edmond de Rothschild specialises in Private Banking and Asset Management and serves an international clientele of families, entrepreneurs and institutional investors. The group is also active in Corporate Finance, Private Equity, Real Estate and Fund Services.

Apex Group is a global financial service provider delivering an expansive range of services to asset managers, financial institutions, private clients and family offices.