Apex Group celebrates 15 years in business 14 September 2018London Reporter: Jenna Lomax
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Apex Group has reached a milestone this September, celebrating 15 years in business with $560 billion worth of assets administered in 2018.
Apex was founded in Bermuda in 2003 and has since then become one of the fastest growing fund administrators in the world.
The company now has offices in more than 40 locations worldwide
In its first five years, the company grew to $7.6 billion in assets under administration, and added a further $37.4 billion through organic growth over the subsequent seven years bringing its total to $45 billion.
The recapitalisation by US private equity firm, Genstar Capital, and the simultaneous acquisition of Equinoxe Alternative Investment Services in 2017, marked the start of Apex’s record growth.
This year has been a transformational year for Apex to date, following the integration of Deutsche Bank Alternative Fund Services, and the successive acquisitions of M.M. Warburg & Co’s Luxembourg Services, Ipes, LRI Group, and Custom House.
Peter Hughes, founder and CEO of Apex, commented: “It gives me great pride to join Apex employees, clients and industry partners in celebrating the global group’s 15th anniversary. We have developed into a unique independent provider with the kind of service capabilities traditionally only associated with the banks.”
He added: “Apex’s values remain deeply rooted in delivering local service with integrity, on a global scale and this remains a core part of our vision for the future. The group continues to thrive not only by delivering excellent service, but also ensuring we provide a great work environment for our employees.”
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