Apex Group to acquire BACSIL from NB Holdings.

Apex Group, a global financial services provider, agreed to acquire Bank of America Custodial Services (Ireland), the Irish depositary business of Bank of America, from NB Holdings. Financial terms were not disclosed. “The addition of BACSIL continues our strategic priority of strengthening the local delivery of our independent depositary services in Europe. BACSIL’s clients will continue to receive all the existing solutions they require and a continuity of service, while also benefitting from access to our full range of global solutions. We look forward to welcoming BACSIL’s clients to the Group, with our single-source model removing the necessity for multiple service provider relationships, delivering efficiency and flexible solutions to all operational requirements of regulated funds,” Peter Hughes, Apex Group Founder and CEO.