Azimut Group has selected Apex Group to provide fund administration and middle-office services to Azimut Group, a life insurance company.
Based in Italy and registered in Ireland, Azimut Group has an international presence across more than 17 countries with over €80 billion in assets (as of the end of October 2021).
Apex’s fund administration services will be delivered to Azimut Group via Apex Connect, a secure, real-time, 24/7 web portal providing secure access to fund and investment data online.
Apex Connect communicates directly with the Pacific Fund System-PAXUS database to offer a dashboard, fund data, portfolio analysis and documentation.
By automating manual processes, this technology will provide improved functionality, advanced reporting capabilities and operational efficiency, says Apex.
John Bohan, co-founder and country head business development (Ireland), at Apex Group comments: “A robust middle-office and administrative function is paramount to the smooth running of a fund. We will enable the Azimut Life team to focus on their performance and growth, whilst the Apex team helps to mitigate risk and reduce their operational burden.”
Filippo Fontana, general manager at Azimut Life, says: “We look forward to working with Apex Group’s experienced team who have shown responsiveness and an entrepreneurial spirit which mirrors that of our business.”
