Apex Group to acquire Luxembourg’s ALFI Partners
Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of third party marketer, ALFI Partners.
ALFI Partners promotes a selection of leading international asset management firms to qualified investors. Through ALFI Partners’ network, the business enables European investors and non-European quality asset managers to meet and build productive relationships over time. Since its creation, over EUR €20 billion have been invested through ALFI Partners across all asset classes and geographical regions.
ALFI Partners brings notable additional experience to Apex Group’s existing distribution capabilities in Europe with the addition of eight employees in three European offices in Luxembourg, France and Switzerland, active in seven continental European countries and speaking six languages.
It will join FundRock Distribution, an existing subsidiary of the Apex Group, authorised by the Luxembourg regulator, the CSSF, to act as investment adviser. ALFI adds to FundRock Distribution’s existing presence and sales resources across Europe including Switzerland and further strengthens FundRock’s current presence in France, and distribution capabilities in this market.
Through this acquisition, ALFI Partners’ clients will benefit from Apex Group’s global perspective, access to a network of local experts and a wide range of services provided through a single relationship, offering efficient, scalable solutions which enable growth and expansion into new jurisdictions.
This announcement follows a series of high profile distribution appointments for FundRock this year, including Royal London Asset Management and Fundsmith and the establishment of a new presence in the Netherlands.
Peter Hughes, Founder and CEO of Apex Group, comments: “Accessing EU investors has never been more complex and costly for non-EU managers, driving demand for our local market presence and insight, paired with global connectivity. This acquisition signals our continued commitment to help managers tackle the increasingly complex regulatory requirements of cross-border fund distribution and support their asset raising activities. With the addition of ALFI Partners, we will continue to evolve our distribution offering for clients, providing a flexible and economical go to market solution, including streamlined access to fund platforms, fund distribution support and direct representation.”
François DEFFERRIERE, Founding Partner at ALFI Partners further adds: “We are excited to be joining Apex Group, whose existing distribution capabilities will enhance our cross-jurisdictional reach and strengthen our ability to offer clients a substantial, well-capitalised solution underpinned by decades of experience.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
About FundRock and FundRock Distribution S.A.
FundRock Management Company is a leading independent UCITS management company and AIFM investment fund manager. It is a subsidiary of Apex Group. As of June 31, 2021, FundRock oversees more than 470 funds with a total of €119 billion in assets under management. The FundRock group has more than 170 employees in eight countries including Luxembourg, United Kingdom, Ireland, France, Abu Dhabi and Singapore.
FundRock Distribution S.A., is authorised by the Luxembourg regulator, the CSSF, to act as investment adviser and distributor of shares/ units of funds. Under this MiFID license, FundRock is able to act as global distributor/sub-distributor of the funds managed by our affiliates. They leverage their free provision of services (passport) through the European Union to offer a long term and stable solution to our clients. FundRock offers a more flexible and economical go to market solution including, streamlined access to fund platforms, fund distribution support and direct representation.
About ALFI Partners
The mission of ALFILUX Partners and its ALFI Partners subsidiaries is to promote a selection of leading international asset management firms to qualified investors.
Through our network, we enable European investors and non-European quality asset managers to meet and build a close relationship over time.
As a Third-Party Marketer (TPM), we initiate, build and support the relationship in the long run.
We are remunerated only by the asset managers and mainly on the basis of the raised assets.