Duet Group has selected Apex Fund Services for depositary and fund administration services for its liquid Africa strategies.
Apex to provide full depositary and administration solutions for five master funds and five feeder funds across three structures in multiple jurisdictions including Jersey, Ireland and Cayman.
The appointment will enable Duet to drive cost efficiencies through an agile service model and in turn enhance operations to support investor returns.
Henry Gabay CEO, of Duet Group, commented: “Apex demonstrated a clear understanding of our structure and requirements. Their full-service single-source solution combining depositary, administration and corporate services, enables us to consolidate, drive significant efficiencies and be rid of the burden of multiple suppliers.”
David Rhydderch, global head of financial solutions, Apex Group, added: “We are delighted to have been appointed by Duet Group and look forward to a long-term partnership. Duet Group has recognised the value of the disruptive capabilities Apex is able to provide as a completely independent fund solutions provider to include banking, administration and corporate service products; and with global reach.”
