Dublin, 2nd February 2022 - Fund Recs today announced the extension of their relationship with global financial services provider Apex Group (“Apex”) for a further five years and added the Velocity Transfer Agency Reconciliation module to their services.
Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry, underpinned by market leading technology platforms.
Apex is using Fund Recs’ Velocity platform to tackle reconciliation challenges globally. Having initially deployed the software in 2016, Fund Recs has supported Apex on each step of their growth journey by automating the reconciliation process. As well as extending the relationship, Apex has also subscribed to the Fund Recs TA Reconciliation module which will provide a more automated process in place for their Transfer Agency Oversight. This will create efficiencies, by freeing up their expert teams enabling them to continue to focus on adding more value for their clients.
Alan Meaney, CEO at Fund Recs said “It has been great to be part of Apex’s journey and support them to scale their business to over $2 trillion assets under administration. We are excited to build on that further over the next five years as we continue to support their Fund Accounting teams and have now begun to support their Transfer Agency team.”
Jeff Pamplin, Global Head of Operations at Apex Group added “We look forward to continuing to work with Fund Recs and are very excited with the addition of the TA Module. Having worked with Fund Recs since 2016 we have been impressed with the functionality that has been added in that time and expanding the relationship is key for enabling us to continue to grow as we look to integrate our recent acquisitions.”
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 50 offices worldwide and 5,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies. www.apexgroup.com