Apex Group Expands in Latin America: Chile Acquired, Mexico Next

Apex Group is making waves in Latin America’s financial services sector. The company, backed by heavyweight investors Carlyle and Mubadala, is expanding its footprint beyond its established Brazilian base.

The recent acquisition of Chile’s Finix Group, managing $11 billion in assets, marks a significant step in Apex’s regional strategy. Now, the company is setting its sights on Mexico, with operations slated to begin in January.

This move aims to better serve U.S. and Canadian clients by addressing time zone challenges. Roberto Cortese, Apex‘s regional chief, reveals ambitious plans to local media: “We aim to double our $113 billion in Latin American assets under management within three years.”

This goal aligns with Apex’s global growth strategy, which has seen 40 acquisitions in the past decade. In Brazil, Apex has quickly climbed the ranks.

It’s now the sixth-largest fund administrator, managing R$635 billion ($105.8 billion) in assets. The company leads in structured funds with R$597 billion ($99.5 billion) under administration.

Apex sees substantial potential in Brazil’s liquid funds market, estimating a R$1.5 billion ($0.3 billion) annual revenue opportunity over the next three years.

This focus on high-margin markets in Latin America complements Apex’s global portfolio of $3.2 trillion in assets under administration. Why does this matter? Apex’s expansion reflects growing interest in Latin America‘s financial sector.

The company’s strategy of blending local expertise with global reach positions it well in this dynamic market. For investors and financial professionals, Apex’s moves signal emerging opportunities in a region often overlooked by global financial players.

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