Apex is transforming the industry to offer an innovative single-source solution to better support our clients with cost, time and resource efficiencies. Published earlier this year, Forrester Consulting’s Total Economic Impact (TEI) report found that clients of Apex Group’s single-source solution achieved a return on investment of 105% and cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
Here, our new Executive Committee members and colleagues share their reflections on the first half of the year predictions for the trends and drivers that will shape the second half of 2022.
Peter Hughes, Founder & CEO, Apex Group
In the first half of 2022, we have continued to make strategic acquisitions of businesses in New Zealand, Australia, India, the US, South Africa and the UK, in line with our fundamental objectives of expanding our product suite, adding new technology solutions and servicing more geographies for our clients. These acquisitions continue to complement our organic growth momentum.
Despite the exponential growth of our business to become one of the largest independent service providers, we’re determined not to become complacent. I have built and led the business on the principle that we can “do it better” and we’re still hungry for change and committed to being at the forefront of innovation and evolution in all areas of financial services. With this in mind, we launched the 2022 FS Disruptor Forum to empower and inspire financial services leaders, enabling decision-makers to share their challenges and solutions, and fostering an environment of collaboration for a more sustainable and agile future for the sector.
We’re looking both inward to our own business and outwards to the societies we operate in to promote the important principles we believe in, including gender equity, social mobility and education for all. We launched the internal Women’s Accelerator Program and externally are supporting the innovative Greater Share platform and have fired the starting pistol on a sustainability partnership with champion triathlete, Flora Duffy, DBE.
From a personal perspective, in the first half of the 2022 we made one of the most important announcements as a company: that we are leading the financial services industry by offsetting our lifetime of carbon emissions, becoming a carbon neutral business. With our global platform we feel we have a responsibility to do the right thing and we therefore continually strive to be a responsible corporate citizen, focused on making a difference to our people, our planet and our society. We are committed to positive change and being a force for good in both the way we conduct business, and by setting an example. In the second half of the year and beyond, we will continue to improve our ESG credentials across our operations and in the way we do business.
Georges Archibald, Chief Innovation Officer & Regional Head of North America
Private market assets continue to evolve and become more accessible with greater transparency and better access to information for investors. The two key themes that have had a place in most every strategic discussion about what the landscape will look like in the coming years are data and digital. These two inter-related principals are cornerstones to private markets democratization – and my new role as Apex’s first ever Chief Innovation Officer - because they allow for more certainty around ascribing value.
Data is everywhere in different forms, both structured and unstructured. Computing power has now allowed for us to ingest vast amounts of data in ways that were not previously possible. Examples now include tools like the ubiquitous adoption of APIs where data is moved across environments efficiently, and Machine Learning and Natural Language Processing allowing for better benchmarking and relative private market opportunity analysis.
Digital advancements mean that data can now be credentialized and anchored on blockchains. With the advent of these DeFi and blockchain finance tools assets can now be validated, ascribed a value, tokenized, and traded in native digital form. Our analog world is now being actively displaced with more frequent and better access to data in shared environments, delivering benefits we haven’t yet fully realized - balance sheet treatment, liquidity, smart contracts, distribution, democratization to name but a handful.
So, what does the future hold? We can say with certainty that we will all have access to better and more frequent information allowing for access and better decision making. At Apex we are looking towards the future and investing in these new tools today.