Geddes head of UK at Apex, Cannella to lead TMT at EY
This week’s overview of transfers and appointments includes appointments at Apex Group and at EY.
Stephen Geddes
Stephen Geddes (photo) has been appointed as regional head for the United Kingdom at global asset services provider Apex Group. He joined Apex from Mainspring Fund Services, where he was the founder and CEO. Apex acquired Mainspring in September last year.
FE fundinfo buys Adjuto, boosting French, Swiss base
FE fundinfo, a Luxembourg-based specialist in fund information, has announced the acquisition of Paris-based firm Adjuto. The move aims to bolster its fee and distribution channel management solutions. Financial details were not disclosed.
‘Distribution is still key to the success in asset management’
Upcoming legislation bringing challenges to the fund distribution industry – notably adding reporting requirements and increasing costs – will be a key focus on Wednesday’s Global Distribution Conference of the Association of the Luxembourg Fund Industry, known as Alfi. “Distribution is still the key to the success of the asset management industry,” said Steven Libby, a partner and Emea AWM leader at PwC and an Alfi board member, who will serve as Master of Ceremony at Wednesday’s event.
Apex eyes growth in South Korean asset management
Global financial services provider Apex Group on Monday announced the initiation of its business operations in South Korea. The move aims to offer extensive solutions to global asset management clients and solidifies the firm’s presence in the Asia-Pacific region.
Capita’s Chantal Free appointed as CEO at Ocorian
Chantal Free has been appointed at the new chief executive officer at Ocorian, a global asset services provider that also is present in Luxembourg.
Free joins Ocorian from Capita where she was CEO of their portfolio division, leading a portfolio of businesses across a range of sectors including insurance, legal, consulting and technology. Previously she spent 23 years at Willis Towers Watson, a global risk and people consulting and brokerage firm, where she held several senior roles in Asia and Europe.
‘Several’ parties express interest in Fuchs Asset Management
Animated movies. German real estate. Trade finance. Polish mortgages. Industrial lasers. Environmental intelligence. Pharmaceutical services. More than 1.5 billion euro has been invested in the Luxembourg-domiciled alternative investment funds under the wings of Fuchs Asset Management. Its AIFM portfolio presents a small microcosm of alternative investments managed via the Grand Duchy. The manco is for sale after its parent company, Fuchs & Associes, entered liquidation last month. Jean-Jacques Lava, deputy-CEO at Fuchs AM, said the sale process is going according to plan.
Next-gen ETFs: Luxembourg, Ireland tell tale of two Europes
Ciaran Fitzpatrick of State Street Institutional Services paints a vibrant picture of the evolving landscape for Exchange-Traded Funds (ETFs). Across the investment world, the move from active to passive is not just a trend but a shift that is being felt across retail and institutional investments, largely due to persistent pressure on costs. Ireland and Luxembourg present different appeals to new issuers.
Apex Group expands in Japan by acquiring Axess
Apex Group, a global financial services provider with a significant presence in Luxembourg, on Monday said it agreed to acquire Axess Accounting Office, a provider of corporate tax services for real estate and private equity firms in Japan. Financial details were not disclosed.
Apex to service BTC’s Argento oil and gas fund from Miami
Apex Group on Thursday said it has been appointed by BTC Investment Group to deliver fund services to its Argento Energy Fund LP, launched by the Mexican family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a target size of 100 million dollars. Apex will provide the services via its Miami office.