Middle East, 15 May 2024
Global financial services provider, Apex Group, has launched a new office in the Kingdom of Saudi Arabia, further expanding its footprint across the Middle East.
Regulated by Saudi’s Capital Market Authority, Apex Saudi Arabia will provide a full range of innovative financial services and solutions, including managing, advisory and operating. Apex Group has much experience within the market, having served many Saudi clients from its regional offices within the Middle East region.
Growth has been driven by increased demand from existing and new clients for Apex’s single-source solution. Based in Riyadh, Apex Saudi Arabia will have the largest support team based locally in the Kingdom who are experienced in administering a number of services, such as Islamic funds, private equity funds, venture capital, real-estate and property level accounting, as well as equities, commodity, FX, and derivatives.
Christiane El-Habre, Apex Group Regional Managing Director - Middle East, said:
“I’m delighted to announce this milestone in our expansion across the Middle East. The Kingdom is one of the fastest growing global economies, and its stable economic conditions make it an attractive jurisdiction to conduct business. Apex Group offers an end-to-end solution to support local asset managers, foreign funds and SPVs with services tailored to their individual requirements.”
Zafar Ullah Khan, Apex GroupCountry Head – Kingdom of Saudi Arabia, said:
“Saudia Arabia is a fertile ground for innovation and growth. Amid the momentous economic reform and dynamic landscape, Apex Group has found its footing and is in the process of setting up its largest operation in the Middle East.”
Apex Group currently employs 220 the most highly skilled in financial services industry in the Middle East across its five office locations.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 13,000 employees globally, Apex Group provides services into 50 jurisdictions delivering 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 raising solutions, fund administration, digital onboarding and bank accounts, depositary, custody, super ManCo, corporate services 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.
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Chanel Townsend | Chanel.Townsend@apexgroup.com| +447391046830
