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October 20 2023

Guest piece for Apex Group

Apex Group, a global financial services provider, has acquired Boutique Collective Investments and Boutique Investment Partners (Pty) Ltd (BIP).

BCI is a collective investments scheme manager with a core business focus on third-
party branded portfolios. BIP is an independent investment management and consulting firm
providing multi-manager and consulting services to leading South African independent financial
advisors, and their retail and institutional clients.

BCI will become an Apex Group company alongside the existing FundRock brand which delivers
the management company services, enabling more than 1,200 funds with a total of €221bn in assets
under management in 14 countries to streamline their operations in a cost-effective manner.

The additions of BCI and BIP further expand Apex Group’s African footprint following the
acquisitions of Sanne Group and Maitland, reinforcing the Group’s commitment to the region
and expansion of its local operations.

The strategic acquisition will add $19bn of AuA and add around 50 new employees to the
existing Apex Group platform in SA which currently employs more than 1,200 people across
offices in Cape Town and Johannesburg, servicing 140 clients with assets of circa $130bn (R2.5trn).

BCI and BIP clients will benefit from access to the group’s global single-source solution,
providing all services required across the full value chain of their business via one convenient
and efficient relationship. This includes Apex Group’s digital banking, fund raising, distribution
and administration solutions, as well as pioneering ESG Rating, reporting and advisory services.

This follows the recent announcement that Apex Group South Africa has sold a minority stake to
a 100% Black owned consortium of investors, reaffirming the business’ commitment to unlocking
opportunities for growth and to build further strategic teams in sub-Saharan Africa.

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