Apex Group adds Diversio’s powerful AI technology to DEI Solution
Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its partnership with Diversio, an AI-powered platform that enables companies to measure, track and improve diversity, equity, & inclusion (DEI) data.
By connecting Apex Group’s pioneering DEI Solution with Diversio’s AI technology, clients will benefit from the ability to seamlessly collect diversity and inclusion data from their firm and their portfolio companies. Diversio’s system is GDPR-compliant, fully secure, and supports cross-border data collection. In addition to DEI insights and benchmarking data, the platform provides tailored recommendations and training solutions.
Apex Group’s DEI Solution helps clients collect, evaluate and improve their DEI practices, empowering private markets investors and their portfolio companies to overcome the challenges surrounding the ethical collection and analysis of DEI data. Apex Group’s DEI Solution generates actionable insights, including detailed analysis of gender, race, ethnicity, and other key DEI areas, which are fully integrated alongside wider ESG reporting for customers, investors and regulators.
Apex Group is partnering with Diversio to help investment managers access portfolio-level diversity & inclusion data, including DEI-related risks and recommendations on areas for improvement. This not only allows insight into each portfolio company’s DEI risk exposure, but also delivers a competitive advantage for managers in an era where diversity & inclusion has become critical for the allocation of capital and an investment organization’s long-term success.
Diversio’s AI-powered platform is a clear industry leader, having worked with supra-national institutions such as the ILPA, the Investor Leadership Network, CVCA, BVCA and the World Bank, in addition to investors such as Morgan Stanley, Ontario Teachers’ Pension Plan and Lightspeed Venture Partners.
Joshua Brunert, Global Head of ESG Product, Apex Group comments: “Our DEI solution is designed to deliver actionable insights, enabling the formulation of strategies to drive real world impact and positive change. Apex Group’s partnership with Diversio will remove pain points surrounding the collection of DEI data from employees, ensuring that the correct, accurate, information is extracted and evaluated in the most efficient and robust manner. Diversio’s technology offers a fantastic approach to data collection and analysis for our clients, so that companies and their investors will be able to understand, report and improve their DEI data from employees up.”
Laura McGee, CEO at Diversio, further comments: “Institutional investors and LPs are stepping up requests for portfolio- and firm-level DEI data, recognizing that diversity and inclusion directly impact fund performance. At the same time, DEI data is highly sensitive and subject to myriad legal and cultural considerations. Diversio’s unique ability to collect data from portfolio company employees at scale helps investors to provide value to their portfolios, while supporting reporting frameworks such as ILPA’s due diligence questionnaire and Financial Conduct Authority guidelines.”
Apex Group’s award-winning ESG services are delivered in more than 50 countries, working with over 350 LPs and GPs to help them report on their investments in-line with ESG standards and regulations. This announcement follows Apex Group’s Impact Month, during which pioneering Impact Positive, DEI and EU Taxonomy Solutions were launched.
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.
Diversio is an AI-powered platform that measures, tracks, and improves workforce diversity, equity, & inclusion. By connecting AI technology, sophisticated data analytics, and knowledgeable subject matter experts, Diversio is able to accurately diagnose DEI pain points, benchmark against industry peers, and create robust action plans to meet DEI goals.
Diversio is widely used in the investment community to analyze portfolio-level diversity & inclusion, including DEI-related risks and recommendations to improve any issues that come to light. This not only allows insight into each portfolio company’s social exposure, but also empowers you to confidently attract investors in an era where diversity & inclusion has become critical for an investment organization’s long-term success.
Diversio has worked with standard-setters and industry bodies including ILPA, the Investor Leadership Network, CVCA, BVCA and the World Bank, in addition to leading investors like Lightspeed Venture Partners and Morgan Stanley.