Abu Dhabi, November 16, 2020 — Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the launch of subsidiary LRI Investment Management Services (ME) Ltd. (“LRI Middle East”) in the Abu Dhabi Global Market (“ADGM”) following full regulatory approval by the ADGM Financial Services Regulatory Authority.
The asset management space is constantly evolving and investors are increasingly looking for efficiencies to stay competitive. Based in the fast growing ADGM business community, LRI Middle East will offer third-party Management Company (“ManCo”) services to Qualified Investor Funds and Exempt Funds, allowing clients in the ADGM to streamline their operations in a cost-effective manner.
Services offered by LRI Middle East include:
As part of the Apex Group, LRI Middle East’s clients will also benefit from access to a range of administrative and middle office, banking, depositary and custody services offered through the Group’s global network.
The addition of these services to its UAE operation enables the Group to deliver its single-source solution, covering the full value chain, to both new and existing clients in the Middle East. Apex’s longstanding global presence, teamed with its ever-expanding regional operation, will better serve clients in the region as it diversifies both its offering and client base.
This is the latest in a series of announcements from Apex as the Group expands its presence and offering in the ADGM, including the launch of Compliance Services following the acquisition of risk and compliance consultancy Praesidium and the establishment of Corporate Solutions business Throgmorton in the ADGM.
Amin El-Kholy, Managing Director at Apex Group comments: “We are excited to announce the launch of LRI Middle East, allowing our clients in the region to access a true single-source solution. We have been delivering services locally in the UAE for nearly 15 years, and the announcements of recent months show our continued commitment to the region, and offering value-added services for our current and future clients. The addition of third-party ManCo services to Qualified Investor Funds and Exempt Funds enables us to enhance both new and long-standing local relationships even further.”
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 45 offices worldwide and 4,500 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, 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
By clicking the button you confirming that you’re agree with our following Terms and Conditions