One of the latest managers to be granted an ADGM license, AD Global Investors (ADGI), has selected Apex Group Ltd (Apex) as its middle-office provider.
The specialist active fixed income manager ADGI moves towards an outsource model for enhanced oversight and access to market-leading technologies as it selects Apex for its ability to deliver local service complemented by global capabilities. ADGI was the first ADGM licensed manager to be authorised by the Central Bank of Ireland to manage Irish UCITS funds, and has selected a cross-jurisdictional provider in Apex for its middle office requirements for a scalable service.
ADGI offers separately managed accounts and funds for emerging market debt local currency, emerging market debt hard currency, MENA fixed income and global sukuk. With offices in over 40 locations worldwide, including three across the UAE, Apex delivers a broad range of products across the full value chain of a fund and across all domiciles.
David Rothon, CEO at AD Global Investors, says: “At ADGI we employ international best practices combined with best-in-class systems to give clients the highest-quality business infrastructure. Collaborating with Apex is a natural fit for us to ensure that we implement robust oversight and operational processes to support our own internal infrastructure. The Apex team’s local service was important to us and we will look to leverage their local expertise to deliver an enhanced service to our own clients”.
Craig Roberts (pictured), Regional Managing Director for Apex MENA, says, “We have a lot of experience with ADGM managers and are looking forward to utilising that in support of ADGI following their successful bid to be granted a license by the Financial Services Regulatory Authority of ADGM. Having been established locally, ADGI is adding new global products to the region and is a great fit for Apex’s cross-jurisdictional service capabilities. We look forward to supporting them in their ongoing future success.”