Ardent Financial Appoints Apex and Calypso for Middle and Back-Office
Apex to provide front to back platform using Calypso’s market leading software
London, September 02, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has been appointed to provide front to back office solutions to FCA regulated global securities dealer Ardent Financial Limited (“Ardent”) using Calypso Technology Inc. (“Calypso”) management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent.
Apex’s relationship with software provider Calypso, has enhanced Apex’s ability to provide independent middle and back office services to clients. Calypso’s platform will allow Ardent to complete a multitude of administrative tasks in a seamless manner through one system, streamlining everyday processes and reporting. Apex ‘s Golden Source implementation framework allowed for the delivery and implementation of the system via Oracle Cloud in an expedited timeframe.
Apex will provide decision support, analytics and back office services to Ardent via the Calypso platform as part of the Apex360 solution. The Apex360 provides tailored and service focused solutions, underpinned by leading technology platforms and coupled with best in class accounting and a full service system, enabling Ardent to enhance its operating model, reduce risk and control costs.
This announcement further demonstrates Apex’s expertise in the middle and back office space, and capabilities to support clients, whether they are established managers seeking an improved service or new funds such as Ardent, looking to implement scalable solutions.
Aidan Brady, COO at Ardent Financial Limited comments: “We chose Apex and Calypso due to their outstanding track record in the middle and back office service sector and ability to provide a flexible and scalable service which meets our requirements. We have been impressed by the responsiveness of the dedicated team, and their ability to deliver implementation efficiently and on an accelerated timescale.”
David Rhydderch, Global Head of Financial Solutions at Apex Group adds: “We are pleased to be partnering with Calypso, as they play a key role in adding value to our clients, helping to provide flexibility and resolve the challenges facing them as they scale their businesses. Calypso’s platform will power Apex’s reporting services and will enable Ardent to save time and increase efficiency.”
Mayank Shah, Chief Strategy Officer, Calypso Technology comments: “We are excited to be working with Apex, to provide Ardent with decision support, analytics and reporting solution powered by Calypso. The combination of Calypso’s rich product suite and Apex’s experience in middle and back office services enabled implementation of a fully hosted environment in six weeks, with the first meeting held less than 4 months ago. Apex is a long-standing strategic partner of Calypso and the successful implementation of services for Ardent further demonstrates the strength of our relationship and our commitment to our clients.”
Notes to Editor:
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, capital markets, 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 products in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
About Ardent Financial
London-based Ardent Financial Limited (“Ardent”) is a global securities dealer that trades bonds and reorganised equities in credit markets across Europe, the U.S. and select Emerging Markets, including Latin America.
Ardent is capitalised with institutional-quality permanent equity capital, allowing it to provide firm markets and liquidity with its own proprietary balance sheet. Ardent has a highly experienced board of directors and senior management team with significant and relevant expertise in global credit markets.
Ardent Financial Limited is authorised and regulated by the Financial Conduct Authority with its registered office at 16 Berkeley Street, London, W1J 8DZ and company number 12254809
Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 35,000 users in 60+ countries. Its award-winning software improves reliability, adaptability, and scalability across several verticals, including capital markets, investment management, central banking, clearing, treasury, liquidity, and collateral.
Calypso is pioneering innovative technologies (native cloud technology, AI, Big data) that reimagine capital markets.
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