Blackwattle Investment Partners picks Apex for custody services
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Blackwattle Investment Partners picks Apex for custody services 07 August 2023Australia Reporter: Jenna Lomax
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Blackwattle Investment Partners (Blackwattle), a newly created Australian fund manager, has selected Apex to provide its fund administration services.
As part of the mandate, Apex will provide Blackwattle with technology-enabled fund administration, transfer agency, middle-office and custody solutions.
Blackwattle was recently launched with initial seed capital commitments of more than AUD$60 million to offer investment solutions across Australian equities and, in time, global markets.
Apex’s transfer and middle-office services include investor communication and reporting.
Nick Bradford, head of business development – Australia and New Zealand at Apex, comments: “Our fund solutions will free up the time and resources of the Blackwattle investment team, enabling them to focus on their proven investment ability and track record of outperformance, to become leaders within the Australian market.”
Jarred Rubin, CEO at Blackwattle, says: “For us, it is essential that any service partner has the flexibility to accommodate our innovative business model, now as well as in the future. The team at Apex Group share our entrepreneurial mindset and have demonstrated their ability to support us as we scale and provide the services we will need to achieve our ambitions for future growth across multiple assets.”
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