Apex has expanded its established presence in Ireland, with the opening of a new Limerick office and creation of new job opportunities. Apex plans to create more roles in Limerick and is seeking to hire professionals with experience in fund administration, accounting and corporate services. (For more information, visit the Apex careers page).
Apex’s new Limerick office, which is supported by IDA Ireland, builds on the group’s existing presence in Ireland of approximately 500 staff across offices in Dublin, Cork, Maynooth and Sligo. The group is currently represented in Limerick through FundRock, the ManCo, which has increased in size from 10 people in 2019 to nearly 100 people in 2023.
Earlier this year Apex announced plans to acquire Bank of America Custodial Services (Ireland) Limited (BACSIL), the Irish depositary business of Bank of America. Apex will acquire BACSIL through its subsidiary, European Depositary Bank. The BACSIL business, based in Dublin, provides depositary services for client assets of USD71.4bn. Upon closing, BACSIL’s team will join Apex in Dublin.