A $1 billion present for Apex Fund Services 15 January 2013London Reporter: Georgina Lavers
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WAY Fund Managers, the UK provider of fund hosting services to the wealth management sector, has selected Apex Fund Services to service all of its 47 funds, with combined assets under management of over $1 billion.
As part of a collaboration agreement, Apex and WAY Fund Services are to begin cross selling each other’s services. Apex will introduce clients to WAY Fund Managers’ platform and at the same time offer its Order Management System (OMS) and Portfolio Management System (PMS) technologies to WAY clients.
Peter Hugh-Smith, chief executive of WAY Fund Managers said that after several years where the large administration companies had a stranglehold on the market, there are now a number of new and innovative administrators offering contemporary services into the marketplace.
“Apex is one of these firms and we look forward to benefiting from their personal and efficient team, as well as exploring opportunities to grow our businesses together.”
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