← Back to Insights

Apex Group announces former Finance Minister as Mauritius Chairperson

09 March 2023

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces the appointment of Dr. Rama Sithanen to the role of Independent Director and Chairperson of Apex Group companies in Mauritius effective March 31, 2023.

Apex Group companies in Mauritius are comprised of Apex Financial Services (Mauritius) Ltd, Apex Fund Services (Mauritius) Ltd and Apex Fund and Corporate Services (Mauritius) Ltd.

Dr. Sithanen will chair the Board, the Executive Committee and any other relevant committees including CSR.

In addition to his Board seat, Dr. Sithanen will be responsible for providing strategic support to the leadership team towards seamless integration and delivery aligned to Apex Group vision. He will engage with policy makers and industry bodies on issues related to the industry and to the Apex Group Entities.

Dr. Sithanen brings around four and half decades of professional experience, split across public sector institutions, private sector businesses and international advisory work. He was Minister of Finance between 1991 and 1995 and was instrumental in shaping policies to diversify the economy and laid the foundation for the emergence of Mauritius as an International Financial Centre.

He was Deputy Prime Minister and Minister of Finance between 2005 and 2010. He introduced bold institutional, policy and fiscal reforms that transformed the economy and moved Mauritius from dependence on trade preferences to global competitiveness. He was Chairperson and Director of International Financial Services between 2011 and 2016 and Chairperson and Director of Sanne Mauritius between 2017 and 2022 .

Apex Group launched its business in Mauritius in 2006, combining an experienced local team and fully integrated technology which results in a fast and efficient service in all areas of the global fund administration business. Apex Group’s presence in Mauritius has grown in recent months to employ over 1,200 people, following the acquisition of Sanne Group and service over $200bn of client assets.

Dr. Sithanen, Independent Director and Chairperson of the Apex Group companies in Mauritius, Apex Group comments: “I am excited to join Apex Group to oversee their Mauritius businesses. I look forward to contributing to the continued successful delivery of our single source solution to offer our clients a comprehensive range of fund, financial and corporate services.”

Peter Hughes, Founder & CEO of Apex Group further adds: “We are delighted with the appointment of Dr. Sithanen who we know well, He is a widely respected industry leader and pioneer in the Mauritius market who will bring valuable experience and insight to our business.”

About Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices worldwide and 11,000 employees in 38 countries, 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.

Press contact:

Antonia Powell Antonia.powell@apexfs.com

Get in touch with our team

Contact Us