Apex hires Charleson, aims for full-service ILS fund admin offering

Independent fund administrator Apex Group Ltd. has announced an expansion of its service offering to the insurance-linked securities (ILS) fund market, aiming to offer a comprehensive fund administration solution as well as the hiring of Matthew Charleson from Kane LPI Solutions.

Apex aims to provide clients with a full service offering from Bermuda, targeting investment vehicles including insurance linked securities (ILS). To achieve this the firm will utilise the platform it acquired through the purchase of Equinoxe Alternative Investment Services in August this year, which will now be rebranded to Apex Insurance Fund Services.

Apex has over $80 billion of assets under administration and a global presence and now seeks to cover services across the full value chain of an insurance linked fund; including pre-launch assistance, fund and portfolio accounting, investor services and AML, cash administration and regulatory compliance services.

In announcing the expansion Apex has hired Matthew Charleson from Kane LPI Solutions to the role of Head of Insurance Fund Services in Bermuda, subject to immigration and regulatory approval. Charleson has a significant experience in the insurance fund space.

Peter Hughes, Founder in 2003 and the CEO of Apex Fund Services, commented; “Apex has been operating in the Bermuda market since the first day of its establishment. As Apex continues to expand, we want to evolve our insurance fund administration offering to be the most comprehensive provider in the market. The recent addition of the Equinoxe team to the Apex Group also bolsters our resource and expertise in this area and we will continue to make new hires to ensure we are a market leader in this business.”