Apex wins fixed income ETF mandate
04 August 2020 London
Image: Belkin & Co/Adobe Stock
Apex Group has received a mandate to provide middle-office solutions to Tabula Investment Management.
As an international financial services provider, Apex’s specialised exchange-traded fund (ETF) team will administer a tailored fixed income ETF offering to Tabula through a single-source solution.
In this new partnership, Tabula will benefit from access to Apex’s experience in servicing ETFs via enhancing technologies to provide a more efficient operating model, reduced risks, and minimised costs.
Apex’s middle-office services include static data management, net asset value verification, reconciliation and dispute management, cash and trade processing, and collateral management.
Tabula currently holds six ETFs targeting specific risk factors in fixed income, such as corporate bonds, corporate credit, and alternative risk.
David Rhydderch, global head of financial solutions at Apex Group, said: “The growth of ETFs has transformed equity investing in the past two decades, and we are excited to be working with Tabula who are at the leading edge of fixed income ETFs, an area poised for further growth.”
“Our dedicated ETF team will leverage their extensive experience to provide Tabula with the insight and services to help support its growth, whilst allowing for greater control of costs and risk.”
Michael John Lytle, CEO of Tabula, continued: “Apex’s robust approach and use of best-in-class technology delivers a platform upon which we can continue to develop unique solutions for fixed income ETF investors.”
As an international financial services provider, Apex’s specialised exchange-traded fund (ETF) team will administer a tailored fixed income ETF offering to Tabula through a single-source solution.
In this new partnership, Tabula will benefit from access to Apex’s experience in servicing ETFs via enhancing technologies to provide a more efficient operating model, reduced risks, and minimised costs.
Apex’s middle-office services include static data management, net asset value verification, reconciliation and dispute management, cash and trade processing, and collateral management.
Tabula currently holds six ETFs targeting specific risk factors in fixed income, such as corporate bonds, corporate credit, and alternative risk.
David Rhydderch, global head of financial solutions at Apex Group, said: “The growth of ETFs has transformed equity investing in the past two decades, and we are excited to be working with Tabula who are at the leading edge of fixed income ETFs, an area poised for further growth.”
“Our dedicated ETF team will leverage their extensive experience to provide Tabula with the insight and services to help support its growth, whilst allowing for greater control of costs and risk.”
Michael John Lytle, CEO of Tabula, continued: “Apex’s robust approach and use of best-in-class technology delivers a platform upon which we can continue to develop unique solutions for fixed income ETF investors.”
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