Insights

Agriculture fund manager appoints Apex Group for fund administration

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, today announces its appointment by agri fund manager Laguna Bay, for the provision of fund administration services.

Why Outsource your Fund Administration?

As businesses seek to maintain their growth, an increasing number of them are looking to take advantage of the benefits offered by fund administration outsourcing companies. With so many firms going this route, those who choose not to do so will likely find themselves falling further and further behind their competition.

European Banking Authority publishes guidelines on roles and responsibilities of the AML/CTF Compliance Officer

The European Banking authority (“EBA”) has issued guidelines specifying the role, tasks and responsibilities of the Anti-Money Laundering/Countering the Financing of Terrorism (“AML/CFT”) compliance officer, the management body and senior manager in charge of AML/CFT compliance as well as internal policies, controls and procedures.

Apex Group announces expansion of Nordics business

Apex Group Ltd. (“Apex Group” or “The Group”), a global financial services provider, announces today its expansion in the Nordics region, with the launch new services delivered from its office in Sweden.

Singapore’s MAS releases circular on enhancing AML/CFT in the VCC sector

The Monetary Authority of Singapore ("MAS”) has released a circular setting out key observations and expectations for effective anti-money laundering (“AML”) and countering the financing of terrorism (“CTF”) frameworks and controls following an industry-wide survey of Variable Capital Companies (“VCCs”) and a series of thematic engagements of eligible financial institutions (“EFIs”) to assess the effectiveness of their AML/CFT risk management and controls.

Bermuda Compliance and Regulatory Updates – August 2022

We have compiled a list of the latest compliance and regulatory updates that were announced or took effect that affected Bermuda in August 2022.

Apex Group continues New Zealand growth with acquisitions

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions (“IIS”) and InvestNow.

Apex Group expands North America presence with Prometa acquisition

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Prometa Fund Support Services Inc. (“Prometa”), a Canada based provider of fund services.

Inveniam partners with Apex Group to power improved valuations, increased liquidity for Private Assets

The partnership will allow a wide range of institutional investors and family offices to use Inveniam.io’s patented blockchain technology to provide greater trust and efficiency to private asset valuations.

Apex Group to acquire fund services provider Mainspring

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Mainspring, a UK-based provider of venture capital fund administration and accounting services.

Apex Group closes acquisition of Brazilian fund administration business

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the close of the acquisition of Modal Group’s alternative fund administration business in Brazil (“MAF DTVM” or “MAF”), having received full regulatory authorization from the Brazilian Central Bank.

ESG Trends & Impact Spotlight – August 2022