Latest ADGM Licensed Manager Selects Apex for Middle Office Services

ADGI, part of Abu Dhabi Investment Company (“Invest AD”) one of the first investment companies in the UAE, has selected Apex as its partner for middle office services.

The specialist active fixed income manager ADGI moves towards an outsource model for enhanced oversight and access to market-leading technologies as it selects Apex for its ability to deliver local service complemented by global capabilities. ADGI was the first ADGM licensed manager to be authorised by the Central Bank of Ireland to manage Irish UCITS funds, and has selected a cross-jurisdictional provider in Apex for its middle office requirements for a scalable service.

ADGI offers separately managed accounts and funds for emerging market debt local currency, emerging market debt hard currency, MENA fixed income and global sukuk. With offices in over 40 locations worldwide, including three across the UAE, Apex delivers a broad range of products across the full value chain of a fund and across all domiciles.

David Rothon, CEO at AD Global Investors, commented on the reason for choosing Apex, “At ADGI we employ international best practices combined with best-in-class systems to give clients the highest-quality business infrastructure. Collaborating with Apex is a natural fit for us to ensure that we implement robust oversight and operational processes to support our own internal infrastructure. The Apex team’s local service was important to us and we will look to leverage their local expertise to deliver an enhanced service to our own clients”.

Craig Roberts, Regional Managing Director for Apex MENA said, “We have a lot of experience with ADGM managers and are looking forward to utilising that in support of ADGI following their successful bid to be granted a license by the Financial Services Regulatory Authority of ADGM.  Having been established locally, ADGI is adding new global products to the region and is a great fit for Apex’s cross-jurisdictional service capabilities. We look forward to supporting them in their ongoing future success.”

-ENDS –

About Apex

The Apex Group, established in Bermuda in 2003, is one of the world’s largest fund solutions providers with nearly $610 billion in AUA and over 40 offices worldwide. The Group has continually improved and evolved its product suite and offers a full service solution to its clients: from fund administration, middle office, custody and depositary to corporate services and fund platforms. Apex now administers the investments of some of the largest funds and institutional investors in the world and has the broadest service offering in the market.

About AD Global Investors

AD Global Investors was founded in October 2018 and is a subsidiary company of Invest AD (Abu Dhabi Investment Company).  The Abu Dhabi Investment Company, trading as Invest AD, is a subsidiary of the Abu Dhabi Investment Council. ADGI is an institutionally focused investment management firm offering fixed income investment products for Emerging Market Debt (local and hard currency), including dedicated Middle East & North Africa (MENA) products in conventional bonds and sukuk.  AD Global Investors is headquartered in Abu Dhabi Global Market (ADGM), the offshore financial center of Abu Dhabi in the United Arab Emirates, and is regulated by the Financial Services Regulatory Authority (FRSA) of ADGM.  Please visit www.adglobalinvestors.com for more information.