Apex Group Ltd is acquiring Mercer's standalone superannuation administration operations to bolster its presence in Australia and enhance service delivery.

Target Information

Apex Group Ltd, a leading global financial services provider known for its expertise in fund administration, asset servicing, and corporate solutions, is enhancing its footprint in Australia through a lift-out agreement aimed at onboarding the standalone superannuation administration operations from Mercer. This strategic move allows Apex Group to integrate Mercer's experienced administration team and operational resources directly into its business model, thus improving service delivery and ensuring continuity for its clients.

With this transaction, which is subject to the approval of the Australian Competition & Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB), Apex Group intends to complete the agreement by the end of the first quarter of 2026. The acquisition will significantly bolster Apex Group's capacity in the Australian market, which already includes over 400 employees dedicated to providing a range of administration services to more than 800 funds.

Industry Overview in Australia

The Australian superannuation sector stands out as one of the largest and most sophisticated retirement savings systems globally, coupled with strong regulatory support aimed at promoting and enhancing its growth. Superannuation funds play a critical role