Adds further capability to deliver business-centric compliance services
Abu Dhabi, October 11, 2020 – Apex Group Ltd. (“Apex”), a global financial services provider, today announces the launch of its Compliance Solutions business in the Abu Dhabi Global Market (“ADGM”). This will enable the Group to deliver its single-source solution, across the full value chain, to both new and existing clients in the region.
Apex’s Global Compliance Services business will provide clients with services underpinned by best in class, proprietary compliance technology systems and platforms. Services include regulatory authorisation, compliance & AML outsourcing, technology advisory, private placement compliance, client assets compliance, outsourced Finance Officer services, advisory for conventional and Islamic Finance and company formation, including SPV/SPC, fund manager/MANCO compliance, cross-jurisdictional compliance support, VC Fund Manager Compliance.
This announcement follows the recent acquisition of risk and compliance consultancy Praesidium Advisory Ltd and the subsequent integration into the Group’s compliance arm adding clients across DIFC, ADGM, Singapore, London, US, and Switzerland from sectors including asset managers, family offices, government entities, financial institutions, law firms and individuals.
Apex’s longstanding global presence in conjunction with strategic acquisitions and the diversification of regional operations in the UAE has enabled the Group to successfully enter new markets.
Hari Bhambra, Global Head of Compliance Solutions, Apex Group comments: “Managers are continuing to domicile in UAE as they seek supportive international business jurisdictions and access to key investor markets. The launch of Apex’s Compliance Solutions in the ADGM is a demonstration of our continuing commitment to providing a locally delivered, single-source solution for our clients. We look forward to enhancing and adding further value to both new and long-standing local client relationships to enable financial services businesses have access to global markets through our single source solution which also includes global compliance solutions.”
Matt Claxton, Global Head of Corporate Solutions at Apex Group, said: “The launch of Compliance Solutions in the UAE is an exciting addition to our offering and a value-add proposition for clients seeking support navigating compliance and regulatory requirements and achieving efficiencies. We have operated in the UAE for over 15 years and the expansion of our offering in the ADGM reinforces our ability to deliver local solutions on a global scale, helping our clients to maintain the highest standards of compliance.”
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, capital markets, private clients and family offices. 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 accounts, depositary, custody and super ManCo services, corporate services and capital markets services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
Antonia Powell [email protected] | +44 (0)77 8990 2279
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