Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

34130

Apex Group launches LRI Middle East

RELATED TOPICS​

Apex Group Ltd has launched a new subsidiary LRI Investment Management Services (ME) Ltd (LRI Middle East) in the Abu Dhabi Global Market (ADGM) following full regulatory approval by the ADGM Financial Services Regulatory Authority.The asset management space is constantly evolving and investors are increasingly looking for efficiencies to stay competitive. Based in the fast growing ADGM business community, LRI Middle East will offer third-party Management Company (ManCo) services to Qualified Investor Funds and Exempt Funds, allowing clients in the ADGM to streamline their operations in a cost-effective manner.

 
Services offered by LRI Middle East include: ADGM ManCo; Investment Management; Risk Management & Valuation; Relationship Management; Fund Structuring & Setup; Regulatory Reporting; and Compliance.

As part of the Apex Group, LRI Middle East’s clients will also benefit from access to a range of administrative and middle office, banking, depositary and custody services offered through the Group’s global network.
 
The addition of these services to its UAE operation enables the Group to deliver its single-source solution, covering the full value chain, to both new and existing clients in the Middle East. Apex’s longstanding global presence, teamed with its ever-expanding regional operation, will better serve clients in the region as it diversifies both its offering and client base.
 
This is the latest in a series of announcements from Apex as the Group expands its presence and offering in the ADGM, including the launch of Compliance Services following the acquisition of risk and compliance consultancy Praesidium and the establishment of Corporate Solutions business Throgmorton in the ADGM.
 
Amin El-Kholy, Managing Director at Apex Group, says: “We are excited to announce the launch of LRI Middle East, allowing our clients in the region to access a true single-source solution. We have been delivering services locally in the UAE for nearly 15 years, and the announcements of recent months show our continued commitment to the region, and offering value-added services for our current and future clients. The addition of third-party ManCo services to Qualified Investor Funds and Exempt Funds enables us to enhance both new and long-standing local relationships even further.”
 

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by