Apex Group (Apex), a global financial services provider, has reached the milestone of 1,000 employees in India supporting the Group’s global operating model across over 47 locations.
Founded in 2008, the Group’s India operation has evolved and expanded in line with its global growth trajectory, having reached the milestone of over USD1trillion in assets serviced globally last year. The Group’s India operation services 175 Indian funds and USD20 billion in AuA across India, Singapore and Mauritius and underpins the Group’s global operating model, via 1,000 dedicated employees based across its two local offices in Pune and Bangalore. This enables local relationship management for clients in their preferred time zone, bolstered by a support network of highly trained service teams enabling 24/7 support.
Since 2019, the employee footprint in India has grown by 356 per cent, creating over 650 new jobs during the Covid-19 pandemic. In addition to outstanding organic growth, Apex Group completed the acquisition and successful integration of leading Mauritian fund administrator, GFin, earlier this year.
Not only has Apex grown its India business at a rapid pace, it has also demonstrated exceptional retention of employees, through effective strategies to maintain and celebrate high performance while also promoting employee wellbeing during the ongoing Covid-19 pandemic. These include:
Establishment of an India Shadow Executive Committee made up of high achievers with diverse approaches and experiences. The Committee leverages a diverse schools of thought to challenge and inspire our leadership and provide different perspectives as part of decision making and strategy discussions;
Nomination of individuals to participate in the Women in Leadership and Rising Stars schemes to provide opportunities to develop career pathways, enhance experience and knowledge sharing and connect people to broaden perspectives;
The ‘100 Heroes’ initiative to identify and acknowledge the exceptional contributions made by employees during the pandemic. Through a peer nomination and voting process, the Group’s ‘100 Heroes’ were selected from across all functions and entities with India represented by 33 deserving award recipients;
Roll out of a mental wellness helpline, outreach and Covid-19 support taskforce.
The Group remains committed to expanding its successful local operation to support its global service model and is expecting to hire an additional 500 people by the end of 2021 to support ongoing growth. In addition, the Group plans to open a third Indian office location in Gujarat International Finance Tec-City (GIFT City) International Financial Centre.
Mandar Mhatre, Regional Managing Director, India at Apex Group, says: “I am delighted to share this positive news following an anxious time for our colleagues and communities. It is during these difficult times that we strengthen our culture as a company and our values are embedded in the way we do business. We are extremely proud of what we have achieved in India in a short space of time and the way in which our colleagues have adapted to the very challenging Covid-19 environment, and supported one another all while maintaining the high levels of service that our clients expect. We remain excited for the growth opportunities both domestically in India created by a vibrant and expanding private equity and venture capital sector, and in connecting Indian capital to other international financial centres. We would like to thank all our employees and clients for their continued support and we look forward to the years ahead.”