Eskom pension fund deal awarded to Bermuda-based new entrant to SA

The contract extends an agreement with Maitland International, an SA-founded firm bought out in January

Global financial services firm Apex Group has won a five-year contract extension to provide fund administration and platform services to the Eskom Pension and Provident Fund .

The EPPF, which had R169bn in assets under management at end-June 2022, issued a tender invitation in 2022 to provide investment fund services. It selected Apex from a pool of top local and global banks and fund administrators...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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