MEDIA ANNOUNCEMENT

Apex Fund Services targets world's top 25 administrators and appoints head of business development

LONDON, December 1: Apex Fund Services, the leading, independent global fund-administration business, announces the immediate appointment of Thalius Hecksher as Global Head of Business Development.

With responsibility for developing and managing Apex's global sales and client relationships, Thalius will report directly to Peter Hughes, Managing Director of Apex Fund Services. Based in Apex's Ireland office Thalius will provide support to all of Apex's 21 international offices and operations.
With over $15 billion of Assets Under Administration (AUA) Apex Fund Services plans to significantly increase its AUA and break into the world's top 25 of administrators within 12 months. As part of its strategy of locating offices alongside its clients Apex plans to launch into several new territories during 2011.

Thalius has over 15 years experience of working within the international financial markets and has particular expertise in the fund management and asset management sectors. Prior to joining Apex, Thalius was head of sales for EMEA at Linedata Services where he specialised in financial software and technology for mutual and hedge fund managers through to third party administrators.

Prior to this, Thalius was sales director at Thomson Financial (now Thomson Reuters). Thalius had responsibility for spearheading the significant growth in the institutional equities and wealth management for UK and Ireland.

Peter Hughes, Managing Director of Apex Fund Services Ltd, commented:
"Apex has a short term target of breaking into the world's top 25 fund administrators. Our total focus on providing the highest levels of client servicing in the industry across our entire global network is attracting unprecedented levels of new clients. The prospects for Apex are extremely positive.

"Thalius has a proven track record of managing fast growing businesses and his appointment is a reflection of the calibre of people Apex is attracting. We welcome him to the team and look forward to benefiting from his industry experience as we expand the company."

MEDIA ANNOUNCEMENT

Thalius Hecksher, Global Head of Business Development, Apex Fund Services Ltd, commented:

"Apex's growth and international roll out of its innovative services makes this position a unique opportunity. I look forward to being part of such a progressive organisation and contributing as Apex accelerates to the next level."

For further information:

Apex Fund Services Limited
www.apexfundservices.com
Peter Hughes, Managing Director
+44 7780 997609
peter@apex.bm

Mark Way, Corporate Communication
+44 7786 116991
mark@apex.bm

About Apex Fund Services Ltd.

• With over $15 billion of assets under administration Apex services its clients through 21 offices across the globe.
• In the last year alone Apex has taken in over 100 new clients. The firm continues to launch into new territories to provide "local" services to its clients with regional expertise
• 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.