Press Releases

Apex Fund Services targets expansion of North America market with opening of Toronto office

29 September 2010

Toronto, Canada: 29 September 2010: Apex Fund Services, the leading, independent global fund-administration business, with over US$13bn AUM, announces its strategy to expand it's North American fund administration services and client base with the opening of its Canada office in Toronto.

Apex Fund Services (Canada) Ltd will be managed and run by Alex Chapman. Alex was formerly vice president and part-owner of Commonwealth Fund Services, the successor to Mintz Fund Services that Alex created and managed. At Commonwealth he provided consultation to some of the largest Canadian portfolio managers and assisted with the launch of many hedge funds and implemented best practice.

Prior to this Alex worked in Monaco managing a small offshore fund administration company. Alex was involved in advising both the DIFC and the Monaco government on their collective investment laws. Alex graduated from Oxford Brookes University where he studied Accounting & Finance with Statistics. He is a UK chartered accountant.

Reflecting the rapid growth of Apex Fund Services, the Company now has offices in 15 countries and has won numerous awards globally for its excellence and innovation in providing fund administration services to an international array of hedge funds and pooled funds. Some of Apex’s recent product launches include MOOR (real-time Middle Office Operational Risk service) and the Emerging Manager Platform in Bermuda.

Peter Hughes, Managing Director of Apex Fund Services Ltd, said;
“We view the Canadian market as having significant potential for growth and we are already seeing a number of new fund launches. The opening of our office in Toronto will help consolidate our success, particularly in North America, and allow us to build on the progress already made by our US office.

“Apex has a stated strategy of being located in the same jurisdiction as its clients enabling us to work closely with them, offer bespoke services and understand their local regulatory requirements.
“Our extensive global network is increasingly benefitting our clients as we transfer innovative solutions from one part of the world to any other. Apex is committed to providing un-rivalled levels of value added services to its clients and we will continue to expand the business in line with our growing client base.”

 

Alex Chapman, Managing Director, Apex Fund Services, Canada, said:

“Canada has needed an administrator such as Apex for many years now, an administrator who can offer international best practice and cutting-edge technology at excellent value.”

For further information:
Apex Fund Services Limited
www.apexfundservices.com

Peter Hughes,
Managing Director
+1 441 292 2739
peter@apex.bm

Alex Chapman,
Managing Director,
Canada
+1 416 361 7154
alex@apexfunds.ca

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 15 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.