Apex Group appointed by Foord Asset Management 11 July 2022Global Reporter: Holly Shelton
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Apex Group, a global financial services provider, has announced its appointment by Foord Asset Management to support its expansion into the Australian market.
The firm has been appointed to provide fund administration, transfer agency and custody services to Foord’s new Australia-domiciled fund, via its network of over 80 offices in 40 countries.
Fund services provide the foundation of Apex’s solution, providing clients with a return on investment of 105 per cent and cost benefits of US$5.39 million, with a net present value of US$2.75 million over a three-year period.
Foord offers a premium investment management service to long-term investors operating in Guernsey, Singapore and Luxembourg.
The firm recently entered the Australian market with the launch of the new Foord Global Equity Australian Feeder Fund, which aims to achieve a higher total rate of return than the MSCI All Country World Net Total Return Index without assuming greater risk.
Speaking on the announcement, Agnes Cai, CEO at Foord Asset Management Singapore, says: “We are excited to be working with Apex Group who have impressed us with their ability to provide a single source solution, meeting all our fund administration and custody needs.
“This efficiency and convenience of this model will allow us to focus on managing risks to deliver superior returns to Australian long-term investors.”
Nick Bradford, head of business development at Oceania Apex Group, adds: “We look forward to working with the Foord team as they continue to scale their business and deliver sustainable returns for their investors.”
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