Apex gains new fund administration mandate 02 November 2020London Reporter: Maddie Saghir
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Apex Group, a global financial services provider, has been awarded a mandate to provide full fund administration services to Stockholm-based alternative investment management company Keel Capital AB.
As part of this mandate, Apex will deliver full fund administration and depositary and custody services to Keel Capital’s funds under the Apex and European Depositary Bank brands.
Keel Capital is regulated in Sweden as an Alternative Investment Fund Manager by the Swedish Financial Supervisory Authority.
David Rhydderch, global head of financial solutions at Apex, commented: “We are delighted to be working with Keel Capital to provide our full suite of services across fund administration, depositary and custody functions. Keel Capital will benefit from our highly experienced and tenured local teams, able to offer a single source solution for all fund administration needs.”
Gustaf Johansson, COO Keel Capital, added: “We chose to partner with Apex due to the breadth of service, experience and proven ability to provide a flexible solution that meets our needs, now and in the future. We have received the highest levels of service and look forward to continuing to work with Apex as our independent third party provider.”
Apex also recently expanded its Latin America presence with acquisition of Banco Modal’s fund admin business. Apex Group is set to acquire Banco Modal’s alternative fund administration business in Brazil.
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