Apex Group

Alternative investments strategies relying on limited bank financing appear to be well-placed to profit from the current crisis of confidence in the banking sector. And despite EU regulatory measures to deal with greenwashing, ESG products are seeing increased demand.

Luxembourg-based European Depositary Bank, provider of banking, depositary and custody solutions, has named two women to senior leadership: Cecilia Gejke is now managing director and member of the executive management board and Gilda B. Neiman (photo) is now a member of the board of directors.

Apex Group Ltd, a Bermuda-based global financial services provider with a well-established record of acquiring companies, has announced its successful acquisition of Brazil’s BRL Trust DTVM after obtaining full regulatory approval, according to a Tuesday press release.

Pamela Goldminz has been named as head of the Dallas officer at financial services provider Apex Group, the firm announced on Tuesday. The appointment follows organic growth and acquisitions in the Texas market, it said.

Apex Group, active in Luxembourg as a leading AIFM and asset services firm, has become one of the largest independent fund services providers by headcount in Texas, it said.

European Depositary Bank, a Luxembourg-based provider of banking, depositary and custody solutions that is part of the Apex Group, on Monday said it has been appointed by Arab Bank to support its real-estate ambitions in the European, Middle East and Africa  region (Emea) with digital banking services.

EDB said it has been selected to provide services for 32 bank accounts for 14 special purpose vehicles as part of Arab Bank’s 400 million euro pan-European real estate strategy.

Global financial services provider Apex Group is taking over Alfi Partners, a Luxembourg-based third-party fund marketing specialist, the firm announced today. Alfi Partners will become part of Apex FundRock, the largest third-party manager of investment funds in Luxembourg. Financial details were not disclosed.

Apex Group in January will bring all its different management company sub-brands under a single brand. Now that the major takeovers of Sanne and Maitland are closed, country head Pierre Weimerskirch told Investment Officer more acquisitions can be expected, although not directly in Luxembourg. “There are some markets where we are still not at the level where we want to be.”

Apex Group said it has been appointed by Kayne Anderson Rudnick Investment Management to service its Australian fund. Apex, a Bermuda-headquartered global firm with a strong presence in Luxembourg, has been appointed to provide fund administration and transfer agency services to the Kayne Anderson Rudnick Global Small Cap Fund.

Apex Group on Tuesday said it has been appointed by BrightEdge LLC, the impact investment and venture capital arm of the American Cancer Society, to support the ACS Impact Venture Fund with fund administration services.

Financial regulators across Europe are keeping a close eye on their Luxembourg counterpart CSSF, which is reviewing its rules that tell investment firms how to handle errors in calculations of Net Asset Values, or NAVs. “I think that we may consider the CSSF approach as a best practice.”