Switzerland, June 03, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, today announces the expansion of its corporate solutions arm in Switzerland to deliver business services, including accounting and tax compliance services, company secretarial and governance, as well as payroll services to businesses operating locally in Switzerland.
The Group is expanding these services through the opening of a new office for its subsidiary brand, Throgmorton, in Switzerland, complementing its existing Swiss operation delivering corporate services and private client solutions. This latest announcement continues momentum in the Group’s expansion of its corporate solutions offering following the openings of Throgmorton operations in the US in March, Jersey (Channel Islands) in April plus the unveiling of new a corporate services offering for clients across APAC.
Apex acquired Throgmorton in June last year as part of its deal to buy the corporate services and private clients business from Link Asset Services. Collectively the businesses added over 600 employees to the group and an additional layer of experience in the corporate solutions space. The Group’s expansion of these solutions into Switzerland reiterates the global firm’s continued commitment to geographic and product growth.
Throgmorton has over 20 years’ experience delivering accounting and business services across the UK and will leverage this expertise to enable Switzerland-based firms to build capacity within their business operations to focus on strategically important initiatives.
With 45 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 milestone for our corporate solutions capabilities. Switzerland is a prominent business jurisdiction and it therefore it is essential 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 component 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:
“We have been very busy in recent months which have seen a number of geographic expansions for the Throgmorton business including the US, Jersey and now Switzerland. 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. Switzerland 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 operating there.”
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. Corporate services and private client solutions in Switzerland are provided by Apex Corporate Services (Schqeiz) GmbH, which is regulated by PolyReg Allg. Selbstregulierungs-Verein in accordance with anti-money laundering regulatory requirements. Please visit the Group’s regulatory status page for more information: https://theapexgroup.com/regulatory-status
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 (not all services are available in Switzerland). 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.
Global Head of Marketing & Communications
Rosie Guest: [email protected] / 0203 961 1436
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