June 2015: Dubai: Apex Fund Services, one of the world’s largest independent fund administrators, announces the expansion of its Private Equity services and the appointment of Christopher Day as Head of Private Equity, Middle East.
Day was previously Head of Private Equity at UBS for the Asia Pacific region. In this position he successfully launched UBS’s PE services and within three years it had an AUA of US$10 billion. Prior to this he worked with UBS in the Cayman Islands.
Apex has seen rapid growth of its Private Equity services in the Middle East and now represents over 55% of Apex’s work in the region. The UAE has seen particularly sizeable investments due to the region’s economic growth, political stability, market transparency and investor’s optimism on the performance of the real estate market. Demand by investors for Apex’s Sharia compliant funds has been particularly strong.
Mario Tryfonides, Managing Director, Apex Fund Services (Dubai) Ltd. said:
“Local governments are investing heavily in the property market as the Middle East moves away from its oil-based success to a more sustainable and durable economy.
“Combined with an abundance of ultra-high net worth individuals that recognise the value of real estate in protecting their wealth, Private Equity structures are becoming increasingly popular with our clients. With Christopher’s extensive PE knowledge he is the ideal person to oversee this growth and we are delighted he has joined our team.
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