Apex Group completed the acquisition of superannuation business from Iress for AUD60m.

Apex Group, a company that offers a wide range of financial solutions and services, completed the acquisition of superannuation business from Iress, a principal supplier of sophisticated share market and wealth management systems, for AUD60m. “As we complete this transaction, I’d like to once again thank our people, clients and partners for their contribution to Iress during our ownership of the Superannuation business. Divesting the Superannuation business enhances our ability to focus on our high quality core businesses of Wealth and Trading and Market Data where we see good opportunities for organic growth and higher returns for shareholders,” Marcus Price, Iress Managing Director & CEO.