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Apex Group appointed by Foord Asset Management

11 July 2022

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces its appointment by Foord Asset Management (“Foord”), a leading independent investment manager to support its expansion into the Australian market.

 Apex Group delivers a single-source solution, via its network of over 80 offices in 40 countries, offering the broadest range of services in the industry. Following a competitive process, Apex has been appointed to provide Fund Administration, Transfer Agency and Custody Services to Foord’s new Australia-domiciled fund.

Fund services form the foundation of Apex’s single-source solution, which, according to a recent Total Economic Impact (TEI) report by Forrester Consulting, provides clients of Apex Group with a return on investment of 105% and cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.

Foord is an independent, owner-managed investment boutique offering a premium investment management service to long-term investors operating in Guernsey, Singapore and Luxembourg. Foord has recently entered the Australian market with the launch of the new Foord Global Equity Australian Feeder Fund.

This fund, targeting Australian long-term investors, invests exclusively in Foord SICAV- Foord Global Equity Fund (Luxembourg) which comprises a diversified portfolio of global equities. Through an adaptable, high conviction, value-driven equity strategy, Foord Global Equity Australian Feeder Fund aims to achieve a higher total rate of return than the MSCI All Country World Net Total Return Index without assuming greater risk.

For distribution of the fund across Australia, Foord have partnered with Sheridan Lee and her team at Shed Enterprises Pty Ltd, who will be responsible for sales and marketing connecting the fund and Foord to investors, building connections across the Australian marketplace.

Nick Bradford, Head of Business Development, Oceania at Apex Group comments: “We are seeing a significant increase in the number of managers looking to launch new, onshore fund vehicles in Australia. These managers require a service partner with the right experience and a global footprint to seamlessly support their administrative and operational needs as they expand into new jurisdictions. We look forward to working with the Foord team as they continue to scale their business and deliver sustainable returns for their investors.”

Agnes Cai, Chief Executive Officer at Foord Asset Management Singapore adds: “We are excited to be working with Apex Group who have impressed us with their ability to provide a single-source solution, meeting all our fund administration and custody needs, delivered via one relationship with an experienced local team. This efficiency and convenience of this model will allow us to focus on managing risks to deliver superior returns to Australian long-term investors.”

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 nearly 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 Foord Asset Management

With its roots in South Africa, Foord Asset Management was founded in Guernsey in 1997 and expanded into Singapore in 2012 and Luxembourg in 2013. Foord is an independent, owner-managed investment boutique offering a premium investment management service to long-term investors.

Foord’s Singapore and UCITS funds are managed using a multiple-counsellor process. The managers construct diversified investment portfolios based on rigorous fundamental research, high conviction ideas and an adaptable, value-driven investment policy.


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