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Apex Group expands Global Compliance Solutions to the US

05 October 2022

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces the expansion of its Global Compliance Solutions designed for US investment advisers, led by Michael Barakat.

Apex Group’s expanding Global Compliance Solutions team provides clients with tech-enabled compliance and AML solutions to meet their operational and regulatory obligations across international financial hubs. This agile, global single-source solution delivers efficiency, simplifies compliance and enables business opportunities from regulatory licensing support through to ongoing compliance advisory for existing and future regulatory requirements.

The expansion of Compliance Solutions in the US market will help to address clients’ risks and concerns around ESG, AML and financial crime, as well as delivering compliance advisory support including for emerging innovation and technologies in financial services. Apex Group’s solutions are directed to meet market demand in four key areas:

  • ESG & Sustainability Compliance: ESG governance including identifying and monitoring sustainability commitments, and measurement of impact, systems and controls including the integration of sustainability compliance and proper due diligence; marketing and disclosure support to ESG funds in line with fund strategies, assurance testing relating to voting frameworks and portfolio alignment, climate-risk management, and adaptation of investment governance processes.
  • Technology enabled AML & Due Diligence Services: Providing technology enabled Managed Due Diligence Services (investor, investment, asset, vendor diligence, Green KYC) and compliance for emerging technology based financial services including fintech, crypto-asset compliance, VASP and CASP due diligence, crypto and digital assets risk management and marketing controls, AML for legal, audit and corporate professionals.
  • Compliance Execution: Supporting clients with ongoing compliance obligations such as development and implementation of policies and procedures, Code of Ethics, training including regulatory exam preparation, annual compliance reports, regulatory inquiries and service provider oversight and AML assurance services.
  • Regulatory reporting services: Form ADV, Form PF, 13H, 13F and coordination of global reporting through Apex Group Global Compliance teams for greater data synergies across multiple regulators.

Global Compliance Solutions in the US will be led by Michael Barakat, who brings over 20 years of experience managing an effective enterprise compliance program and has held the position of Chief Compliance Officer for some of the largest financial institutions in the industry. He joins following Apex Group’s acquisition of Sanne, where he was responsible for growing awareness of compliance services and designing and executing compliance programs for new and existing clients.

This announcement follows the recent launch of Apex Group’s Global Compliance Solutions offering in the Singapore market with compliance services now offered across more than 12 jurisdictions in four regions, enabling clients to leverage global expertise across both entity and fund level compliance.

Hari Bhambra, Global Head of Compliance Solutions at Apex Group comments: “We view compliance as a business enabler and are excited by the commercial possibilities that an ever-evolving regulatory landscape will create for our clients in the US the market. With the expansion of our Compliance Solutions offering for US clients, we look forward to helping institutions to navigate the opportunities that regulatory compliance, including ESG alignment can create for their businesses. This is an exciting opportunity to bring not just US experience, but global compliance access to our clients, to support their operations across multiple jurisdictions, delivering connectivity across global regulations for optimum business efficacy.”

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 than10,000 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.

Press contact:

Antonia Powell Antonia.powell@apexfs.com 

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