Apex expands Australian footprint with Capital Prudential
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Apex expands Australian footprint with Capital Prudential 16 January 2023Australia Reporter: Lucy Carter
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Non-bank financial institution Capital Prudential Manager (Capital Prudential) has appointed Apex Group (Apex) to provide fund administration, loan administration and compliance services to its Real Estate Master Trust.
The Australia-based company will benefit from Apex’s loan and fund administration platforms, the integration of which offer an end-to-end risk management solution. Apex’s compliance solutions team works with corporate solutions experts and will ensure regulatory compliance, the company says.
The announcement follows a string of expansion efforts in Australia and New Zealand for Apex, with several new clients onboarded over the past year.
Sam Moore, managing director at Capital Prudential, comments: “We appointed Apex as their global single-source solution delivers efficiency, tailored to our fund and loan administration, as well as compliance needs, through one relationship. We look forward to working together.”
Andrea Gallenca, head of private market sales for Australia at Apex, adds: “Our integrated solutions will enable Capital Prudential’s experienced team to focus their attention on generating stable fixed income returns from diversified property development portfolios whilst maintaining a focus on capital preservation and risk management.”
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