LONDON: Apex Fund Services Ltd ("Apex"), the international fund administration firm, announces that Jason Bibb has joined the Company as Global Head of Business Development. Jason will lead the firm’s expansive sales and marketing activities and drive development of the business across its new and existing territories.

With over $10 billion of assets under administration Apex services its clients through 13 offices across the globe. In the last year alone Apex has taken in over 100 new clients. The firm plans to launch into new territories during the first half of 2010 to service its clients with local expertise, and Jason will take on responsibility for driving business development in these key regions. Apex plans to double its assets under administration by 2011.

Jason brings over 15 years of investment management and fund administration experience to Apex. He has worked in onshore and offshore domiciles, building an expert knowledge of
investment, corporate finance, mergers and acquisitions, accounting, legal and client management within a wide range of investment products and funds.

Jason joins Apex from ISIS Fund Services where he was Managing Director. Prior to founding ISIS, Jason was a Director and North American Chief Operating Officer of Citigroup Alternative Investments and also held the position of North American Product Head. He previously worked at Martin Currie Investment Management, a specialist investment management business, in active equity management.

Apex’s client base consists of hedge fund, long only and private equity managers, ranging in size from start-up operations to global businesses. The firm services a variety of alternative investment products such as real estate, private equity, venture capital, commodities and hedged and absolute strategies. The firm provides the full suite of products and services, including fund set up, portfolio valuations, fund accounting, shareholder services, corporate secretarial administration, directorships and listing sponsorship.

Peter Hughes, Managing Director of Apex Fund Services Ltd, commented:

"Apex continues to grow rapidly, particularly within the world’s fastest growing economies. As part of our commitment to providing our clients with the highest levels of service Apex intends to establish a local presence in all of the world's main financial centres, and to become a key part of the global hedge fund industry.

"With our own plans to double Apex's assets under administration to $20 billion by 2011, Jason will play a key role in expanding our international capability in line with our clients' needs.

"It is a testament to the progress made at Apex that we have attracted someone of Jason's calibre and we look forward to benefiting from his experience."

Jason Bibb, Global Head of Business Development of Apex Fund Services Ltd, commented:

"The hedge fund has been through a period of significant change during the last 12 months with regards to the regulatory environment and increasing focus on transparency.

"Joining a firm that has the capability to provide high quality support and advice to its clients against this changing environment is extremely attractive to me and by the growth rates achieved, it is clear that this is being well received by both existing and potential clients.

"I look forward to building on the progress made so far as we continue to provide local services to the fund industry across the world."