Apex Group’s expanding Global Compliance Solutions team provides clients with tech-enabled compliance 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.
This announcement follows the recent expansion of Apex Group’s Global Compliance Solutions offering in the Singapore and US markets, with compliance services now offered across more than 13 jurisdictions in four regions, enabling clients to benefit from and leverage global expertise across both entity and fund level compliance.
The expansion of Compliance Solutions in the Australian market will help to address clients’ risks and concerns around ESG, AML and financial crime for financial services entities, as well as delivering compliance advisory support for superannuation funds. Apex Group’s solutions are directed to meet demand from the Australian market in four key areas:
- Superannuation compliance services: Design, implementation and independent review of compliance and risk frameworks, incident and breach management for reportable situations and specialist training for superannuation funds.
- Managed due diligence: Support for corporate trustee boards, investment managers and advisers with technology enabled diligence solutions.
- Technology enabled training: Provision of CPD, RG146 superannuation training and refresher course and maintenance of training plans in superannuation.
- ESG & Sustainability Compliance: ESG investment governance, support for marketing, sustainability labels and disclosure, including related controls in the offer, promotion and marketing of ESG and sustainability products, ESG assurance testing, and ESG and Sustainability preference guidelines.
Global Compliance Solutions in Australia will be led by Karen Waldon-White, who brings close to two decades of experience managing specialist compliance, training and product teams in superannuation. Prior to its acquisition by MMC in 2021, Karen was Chief Executive Officer of Superannuation Compliance Services (SCS) and joins Apex Group following the acquisition of MMC in 2022, where she was responsible designing and delivering governance programs for superannuation fund clients.
Hari Bhambra, Global Head of Compliance Solutions at Apex Group comments: “We are excited to announce the continued expansion of our established Compliance Solutions offering into new jurisdictions with our launch in Australia. We have seen specific demand for our ESG-related services in the Australian superannuation market, with 81% of the industry undertaking a commitment to responsible investment, and look forward to playing our part in supporting the superannuation industry’s transition to responsible and sustainable investment strategies. We view compliance as a business enabler, and our solutions will enable Australia’s investment managers, corporate trustee boards, and trustee offices of super funds to navigate the opportunities that regulatory compliance can create for their businesses.”
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.
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