Apex Supports for Employees During COVID-19
23 April 2020
Global, April 23, 2020 – Apex Group Ltd. (“Apex” or “the Group”), a global financial services provider, is today updating on its response to the rapidly-evolving Coronavirus (“COVID-19”) pandemic. For the first time in the company’s history it has implemented a full work from home strategy, transitioning nearly 3,500 employees to remote working, the outcome of an outstanding collective effort across the business.
Apex has implemented a number of new initiatives to support its employees during this time including:
Acknowledging exceptional contributions
Apex has launched a COVID-19 specific initiative named ‘100 Heroes’. This initiative aims to acknowledge and reward employees that have gone ‘above and beyond’ to help transition the business through this challenging time, maintaining uninterrupted service levels for clients an business as usual for the firm. With over 40 offices worldwide, the Group has been successfully implementing its business continuity plans for over four months, starting with rollouts in Asia due to the early outbreaks across the region. Throughout this time, Apex has maintained its focus on business as usual which is reinforced by the recent announcements regarding the expansion of its corporate solutions offering in APAC and launch of its pioneering new digital bank and onboarding platform, via subsidiary European Depositary Bank.
Through a peer nomination and voting process, ‘100 Heroes’ will be identified from across all functions and entities within the Group. Those selected will subsequently receive a financial reward as recognition of their efforts upon return to normal working practices.
Supporting our team
As a financially secure business, the Group is providing immediate additional financial support to its employees through the launch of a bonus advance scheme for all employees below Director level. Around 85% of the employee community is set to benefit from this advance as the business splits its usual half-year bonus cycle in order to advance funds to individuals and provide an immediate financial boost during the financial pressures arising as a result of COVID-19.
Peter Hughes, CEO and Founder, Apex Group comments:
“Witnessing the truly exceptional response to dealing with this global crisis across all of our teams within the Group has been a humbling experience. The past few months have served to demonstrate how the culture of our business is deeply seated in our values and people are central to that. These initiatives intend to acknowledge, reward and support our team members, and their families, who may need it the most. At Apex we want our employees and clients to know that they can rely on us as a valuable partner when times become more difficult.”
Chris Mulhern, Group COO, Apex Group adds:
“The senior leadership team have been impressed with the way in which our teams have responded to this challenge. We believe it is really important to show appreciation to employees who have been going above and beyond during this difficult time and have put these initiatives in place to ensure we acknowledge, reward and support them for their efforts. We want to do all we can to give them as much peace of mind as possible as they deal with disruptions in their day to day lives while continuing to support our clients and colleagues.”
Ends
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 45 offices worldwide and 3,500 employees, Apex delivers an extensive range of services to asset managers, allocators and financial institutions. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of products in the industry; including fund services, digital bank account opening, paperless onboarding, depositary, custody, super ManCo and business solutions including HR and Payroll. apexgroup.com
