Apex broadens US offering announcing the launch of a local accounting, tax, payroll and employee benefits business
Global, March 12, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, today announced the expansion of its UK subsidiary, Throgmorton, in to the US market to deliver accounting, payroll, tax and employee benefits services locally.
Apex acquired the Throgmorton UK business in June last year adding 150 employees and over 350 clients to the group. This expansion into the US under the Apex banner reiterates the Group’s ongoing intention to further penetrate the US market; reinforced by the local acquisitions of Atlantic Fund Services and Broadscope Fund Services, which also closed in 2019.
The opening of Throgmorton US enables the group to deliver a broad solution to both new and existing US clients. Apex’s longstanding global presence, teamed with its ever-expanding US operation, enables the Group to penetrate new markets in the US as it diversifies both its offering and client base.
The Throgmorton subsidiary has over 20 years’ experience delivering accounting and business services across the UK and will leverage this expertise to enable US based firms to build capacity within their business operations to focus on strategically important initiatives. Throgmorton’s services will be delivered to US managers by an experienced local team, based in New York, and the Group indicates this is the start of its ongoing global expansion of the subsidiary brand.
Georges Archibald, Head of Apex Americas, comments:
“This is an exciting addition to our US offering and a real value-add for our clients. We are now able to offer a true single-source solution locally to clients meaning they can access any service they might need from the Apex Group – now including payroll and employee benefits. Expanding our business support services into the US through Throgmorton means we can now offer our clients something they have been asking for at a local level for quite some time which only enhances our local relationships further.”
Adam Hewitson, Head of Throgmorton, comments:
“This is an immensely proud moment for me personally and a landmark milestone for the wider Throgmorton business. We have been in business for 20 years and this expansion is testament to the strong relationship we have with our parent company, Apex, and the strength of our brand and the loyalty and dedication of our people. Being part of the Apex Group really enhances our offering and we are exciting to bring the Throgmorton brand to the US in our 21st year in business.”
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 40 offices worldwide and 3,000+ 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, bank account opening, depositary, custody and super ManCo solutions. 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. http://www.throgmortonsolutions.com
Global Head of Marketing & CommunicationsRosie Guest: [email protected] / 0203 961 1436
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