Apex Opens Jersey Office

Apex Fund Services has opened an office in Jersey, the Channel Islands, in response to the increasing level of interest from fund managers in the Island.
By Janet Du Chenne(59204)
Apex Fund Services has opened an office in Jersey, the Channel Islands, in response to the increasing level of interest from fund managers in the Island.

Jersey quickly took an opt-in approach to the Alternative Fund Managers Directive (AIFMD), giving global managers and investors the reassurance and confidence about the regulatory controls that exist in the jurisdiction, says Apex. Peter Hughes, chief executive and founder, Apex Fund Services, says: “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.”

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 Private Equity services as opportunities in the private equity sector rebound globally.

Andrew Mason, who manages Apex Jersey, specializes in corporate and fund structures and has sat on boards as the general partner of private equity, real estate and mezzanine structures.

The former managing director of Ipes (Jersey) also previously worked for Coutts (Jersey), Ernst & Young and Kleinwort Benson.

Mason says: “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.”

Apex has 34 offices globally and $26 billion of assets under administration.

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