Apex Fund Services, one of the world’s largest independent fund administration companies, announces the opening of its Jersey office and expansion of its presence in the Channel Islands.
Jersey, together with other Channel Island jurisdictions, has experienced significant growth in its fund servicing industry and in Jersey alone the sector is valued at approximately $350 billion with over 1,300 regulated funds.
Apex has itself experienced a significant increase in the level of interest being demonstrated by fund managers in Jersey, a trend Apex expects to continue. Jersey quickly took an opt-in approach to the AIFM Directive, giving global managers and investors reassurance and confidence about the regulatory controls that exist in the jurisdiction.
Following the opening of Apex Jersey, the new office will provide alternative fund structures for clients as well as act as a springboard for Apex’s advanced Private Equity services as opportunities in the PE sector rebound globally.
Apex Jersey is managed by Andrew Mason who has over 30 years experience of Jersey’s financial sector. Andrew specialises in corporate and fund structures and has held a number of high profile directorships sitting on boards as the General Partner of private equity, real estate and mezzanine structures.
Andrew has been on the committee of the Jersey Funds Association since 2004, and is also a member of the Jersey Association of Directors and Officers. Previously he worked for Coutts (Jersey) Limited, Ernst & Young and Kleinwort Benson. Andrew set up and was the Managing Director of Ipes (Jersey) Limited.
With its ‘Global Reach, Local Presence’ strategy Apex has 34 offices globally with long term commitments to the world’s largest or fast growing financial centres.
Peter Hughes, Chief Executive and Founder, Apex Fund Services Ltd., said: “Different jurisdictions around the world are becoming increasingly specialized and recognized for specific services. At Apex our responsibility is to seek out and provide fund managers with the most suitable and cost effective solution for their funds anywhere around the world.
“With the levels of interest being shown in Jersey, Apex’s latest office will be a key part of our global network and will ensure that the growing advantages of using Jersey’s flexible and full range of structures and corresponding regulatory approaches can be capitalized on by our clients.”
Andrew Mason, Managing Director, Apex Fund Services (Jersey) Ltd, commented: “Jersey’s fund services sector is at the forefront of developing close relationships with counterparts in all of the world’s major centres including London, China, India, and the Gulf Region, to deliver structured products and specialist vehicles that meet a whole range of financial and investment objectives.
“This makes Jersey an obvious fit within the Apex Global Network and I look forward to bringing significant value to the services Apex offers its clients.”