Fund administration specialists the Apex Group will acquire Mercer’s stand-alone superannuation administration operations, expanding its footprint in the Australian pensions market.
Under the deal, Apex will execute a strategic lift-out of Mercer’s administration business, integrating Mercer’s team and operational capabilities into its existing business. The move is intended to enhance service delivery for clients, while expanding Apex’s superannuation administration offering.
The transaction is subject to approval from the Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB), and is expected to complete towards the end of the first quarter of 2026.
Apex Group currently employs around 400 staff in Australia, providing administration services to more than 800 funds. The firm said the agreement would build on its local market expertise and support further growth in superannuation technology and servicing.
Peter Hughes, founder and chief executive of Apex Group, said Australia represents a key growth market for the business. “The superannuation technology and servicing sectors are a key strategic focus for Apex Group, and by combining innovative technology with high-quality service, we are committed to delivering market leading superannuation administration to funds and their members.”
He adds: “We aim to expand our operations in Illawarra and across Australia, creating more opportunities for staff and increasing our presence.”
Antony Proksa, chief operating officer at Mercer Pacific adds: “Mercer’s decision to transition our stand-alone superannuation administration business aligns with our strategic objective to focus on growing our core wealth businesses in superannuation and investments, alongside Mercer Workforce Solutions and Mercer Marsh Benefits.”
