Apex to provide middle-office services to Tabula 20 August 2020London Reporter: Rebecca Delaney
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Apex has been selected by fixed income exchange-traded fund (ETF) provider Tabula Investment Management to provide middle-office solutions.
Under the agreement, Apex’s ETF team will administer services such as static data management, net asset value verification, reconciliation and dispute management, cash and trade processing and collateral management.
Tabula’s six managed ETFs, which target specific fixed income risk factors such as corporate bond, corporate credit and alternative risk, will benefit from an improved operating model that reduces both risk and cost.
David Rhydderch, global head of financial solutions at Apex, commented: “The growth of ETFs has transformed equity investing in the past two decades, and we are excited to be working with Tabula who are at the leading edge of fixed income ETFs as an area poised for further growth.”
Michael John Lytle, CEO at Tabula, continued: “Apex’s robust approach and use of best-in-class technology deliver a platform we can continue to develop unique solutions for fixed income ETF investors.”
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