Apex opens Jersey branch 27 January 2014London Reporter: Daniel Jackson
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Apex Fund Services has opened an office in Jersey.
Jersey, together with other Channel Island jurisdictions, has experienced significant growth in its fund servicing industry. The sector is valued at approximately $350 billion in Jersey, with more than 1300 regulated funds.
Apex has itself experienced a significant increase in the level of interest being demonstrated by fund managers in Jersey, a trend that Apex expects to continue.
Jersey quickly took an opt-in approach to the Alternative Investment Fund Managers Directive, giving global managers and investors reassurance and confidence about the regulatory controls that exist in the jurisdiction.
Following the opening of Apex Jersey, the new office will provide alternative fund structures for clients as well as act as a springboard for Apex’s advanced private equity services.
Apex Jersey is managed by Andrew Mason, who has more than 30 years of experience of Jersey’s financial sector. He specialises in corporate and fund structures and has held a number of high profile directorships sitting on boards as the general partner of private equity, real estate and mezzanine structures.
Peter Hughes, chief executive and founder of Apex Fund Services, said: “Different jurisdictions around the world are becoming increasingly specialised and recognised for specific services. At Apex our responsibility is to seek out and provide fund managers with the most suitable and cost effective solution for their funds anywhere around the world.”
“With the levels of interest being shown in Jersey, Apex’s latest office will be a key part of our global network and will ensure that the growing advantages of using Jersey’s flexible and full range of structures and corresponding regulatory approaches can be capitalized on by our clients.”
Mason said: “Jersey’s fund services sector is at the forefront of developing close relationships with counterparts in all of the world’s major centres including London, China, India, and the Gulf Region, to deliver structured products and specialist vehicles that meet a whole range of financial and investment objectives.”
“This makes Jersey an obvious fit within the Apex global network and I look forward to bringing significant value to the services Apex offers its clients.”
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