Financial services
Bermuda-based Apex snaps up Luxembourg firms
Acquisition of Warburg Invest Luxembourg and M.M.Warburg & CO Luxembourg will add $50 billion of assets under administration and custody
Bermuda-based fund administrator Apex Group has agreed to buy German private bank M.M.Warburg & CO's asset management and servicing business in Luxembourg.
Private-equity backed Apex said the deal brings it closer to achieving its goal of becoming one of the top five largest fund administrators globally.
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