Jersey, April 22, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, today announced the expansion of subsidiary brand, Throgmorton, into Jersey to deliver business services, including accounting, company secretarial and payroll services to businesses operating locally in Jersey.
This development follows the Group’s previous Throgmorton expansion announcement, last month, through the unveiling of a newly established Throgmorton US office. Now it is focusing on building out its well-established corporate solutions offering in Jersey.
Having acquired UK based Throgmorton in June 2019 as part of a larger deal, which also saw the purchase of the Corporate Services and Private Client business from Link Asset Services, Apex is now building on Throgmorton’s existing UK reputation and capabilities through geographic expansion. The Throgmorton brand has been well-respected in the UK market for over 20 years and has enhanced the Group’s corporate solutions expertise with the addition of over 150+ experienced business services professionals.
With over 40 offices worldwide, the Group is leveraging its existing global footprint to support expansion plans and systematically add new Throgmorton businesses to its offices in key locations worldwide. The strategy is in line with the Group’s long standing philosophy of delivering local service to clients on a global scale and reinforces its unique single-source solution capabilities.
Matt Claxton, Global Head of Corporate Solutions, comments:
“This is another important moment for our corporate solutions capabilities. Jersey is a highly respected business jurisdiction and it therefore makes a lot of sense for us to ensure we have a suite of services available for businesses locally. We have ambitious expansion plans for the corporate solutions arm of the Apex Group and Throgmorton’s services are a core element of this service line. Being able to deliver business services to the local market sets us apart through an extensive range of solutions available for clients under one roof.”
Adam Hewitson, Head of Throgmorton, comments:
“It was only last month that we unveiled the first of a number of geographic expansions for the Throgmorton business including the US. Our parent company, Apex Group, has enabled us to increase our geographic footprint through the complementary service we can offer clients as part of the combined Group’s single-source solution. Jersey is an important market for us and our depth of experience supporting UK businesses over the last 20 years means this is natural progression and an immediate value-add for businesses on the Island.”
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 45 offices worldwide and 3,500 employees, Apex delivers an extensive range of services to asset managers, allocators and financial institutions. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of products in the industry; including fund services, digital onboarding and bank account opening, depositary, custody and super ManCo solutions. www.theapexgroup.com
Throgmorton, an Apex subsidiary, delivers financial and administrative outsourcing solutions including accounting, tax, payroll, HR and company secretarial services to SMEs with a particular focus on alternative asset managers.
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