Apex’s Irish subsidiary gets green light 24 September 2019Dublin Reporter: Becky Bellamy
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The European Depositary Bank, an Apex subsidiary, has received full depositary authorisation from the Central Bank of Ireland to operate in Ireland.
Apex, through the European Depositary Bank, will offer independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures.
Apex has operated in Ireland since 2007 and has three offices.
David Rhydderch, global head of financial solutions, Apex Group, stated: “We are thrilled to be establishing a European Depositary Bank branch in Ireland, which is already one of our largest service centres for the wider Apex Group.”
He added: “The ability to deliver our banking, depository and custody capabilities locally in Ireland will enable us to offer clients our truly unique end-to-end solution across the whole financial service eco-system, and to cement our market-leading position in private equity and real estate depositary.”
“The Apex Group’s firmly established reputation in Ireland means we are fortunate to have strong relationships locally, which will help support the rapid development of the business. We look forward to expanding our presence in Ireland and to contributing to the further development of its financial services industry.”
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