Apex extends mandate with India-based ICICI Venture
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Apex extends mandate with India-based ICICI Venture 25 January 2023India Reporter: Jenna Lomax
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Apex Group is to extend its long-running mandate with ICICI Venture, the Indian alternative asset management firm.
As part of the renewed partnership, Apex will deliver end-to-end administration services to ICICI Venture’s fund business.
Founded in 2008, Apex Group’s India operations have evolved and expanded in line with Apex's global growth trajectory, and now service clients from local offices in Pune, Bangalore and Mumbai.
The extension of the mandate follows the recent appointment of Akshay Thakurdesai, as Apex’s India country head. Based in Pune, Thakurdesai is responsible for leading the business development and growth of Apex Group’s operations in the region.
Apex Group plans to continue its expansion in the Indian market, offering a single-source solution to both domestic and international investors.
Apex is also one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat’s International Financial Centre.
Commenting on the mandate, Thakurdesai says: “We are honoured to be continuing our long-running partnership with ICICI Venture, as we believe that there is no higher recommendation than a client returning to us, fund after fund.
“The Indian market is ripe with domestic growth opportunities, created by a thriving and expanding alternative investment sector, driven by pioneers such as ICICI Venture. We have exciting ambitions to grow further, connect India with other global financial hubs and welcome new colleagues to continue delivering exceptional solutions for our clients.”
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