Apex looks to service Irish funds with new job roles in Cork

Apex makes Brexit play with the creation of 50 new jobs and a new office in Ireland.

By Jonathan Watkins

Apex Fund Services plans to create 50 new jobs Cork along with expanding its headcount in Dublin and Sligo going forward.

The fund administrator – which acquired Deutsche Bank’s Alternative Fund Services business in October 2017 – opened its new expanded offices in Carrigtwohill, Cork this week.

The news follows recent announcements by market infrastructure providers Euroclear and Clearstream of expansions into Ireland as the UK’s exit from the European Union moves closer.

Clearstream said this week it will add an extra 200 jobs to its Cork office to expand its Irish fund services capabilities.

“Rapid expansion at Apex is driving the demand for additional talented resources across the group globally,” said Bryan Atkinson, managing director, Bryan Atkinson, Apex Fund Services (Ireland).

“With Brexit looming, more and more managers are looking to the Irish funds industry for stability and we are in the perfect position to service that business.”

Apex has experienced major growth over the past few years with acquisitions of Deutsche Bank’s fund services unit and Equinoxe Alternatives Investment Services. The company also announced in January it will be acquiring the Luxembourg-based asset management and servicing business of M.M Warburg & Co, as it looks to boost its ability in servicing European-regulated funds.