Apex Group appoints Novigi as data and technology partner

Global financial services provider Apex Group has appointed Wollongong data and technology consultancy Novigi to manage the data and administration technology function for its Australian superannuation business, Apex Super.

The partnership aims to combine Novigi’s regional superannuation expertise with the global fund administration capabilities of Apex.

It builds on a prior collaboration between the two firms which Apex said has resulted in significant recent new client onboarding.

“As the Australian and New Zealand superannuation and wealth sectors continue to experience robust growth, there is an escalating demand for digitised and cost-effective fund administration services,” said Novigi's CEO Ash Priest.

“This deal with Apex Group enables us to combine our complementary strengths to not only deliver for a significant portion of this high-growth sector, but also expand our market footprint as we continue a trajectory of scale.”

Earlier this year, Novigi announced the acquisition of QMV Solutions, which included its data quality software Investigate DQ.

“As we continue to pursue our growth targets, we are well-placed to scale alongside the industry, in particular by leveraging our robust data and technology platform managed services capabilities. This partnership aligns firmly with that objective,” Priest said.

“With the unique advantage of being fully operational immediately, this collaboration further boosts our capacity for sustainable and organic growth as a trusted data and technology partner to the industry."

“We are delighted to welcome the Apex Super technology team to our operations."

In June 2024, Novigi expanded its leadership team with the appointment of a professional services lead and two principal consultants.

“This agreement with Novigi is a great outcome for our Apex Super technology team as well as our clients. Apex Group and Novigi have proven success in collaboration, and we are delighted to extend our relationship as an opportunity to deliver meaningful value to market,” said Nick Happell, regional MD for Asia Pacific at Apex Group.

“Importantly, this is further evidence of the position of our funds administration offering as a leading provider in the local Australian market. In particular, there is significant opportunity in the global pensions market to provide innovative, tech-enabled administration services. Establishing this model with Novigi is a powerful step in creating the capacity and capability to scale and service this growing need.”