Independent fund administration firm, Apex Fund Services, has expanded its private equity services with the opening of a new office in Guernsey. The office, which is located in St Peter Port will be managed by Stephen Cuddihee, who has more than 25 years experience in the finance sector.
In addition Apex has also launched its open-ended protected cell company (PCC) to enable fund managers to launch new funds quickly and cost effectively.
The new PCC will enhance Apex’s capability to service private equity, property, alternative asset and structured fund vehicles globally to all of its clients.
Peter Hughes, group managing director at Apex Fund Services, said: “The Apex Global Reach, local presence strategy continues to attract fund managers from all over the world who are looking for specialist expertise and effective ways to launch or run their funds.”
“The opening of Apex Guernsey marks a further commitment to deliver locally the most innovative and highest quality services possible to our clients—wherever they are located.”
Stephen Cuddihee, managing director at Apex Fund Services in Guernsey, said: “Apex’s clients, via its Guernsey office, can now take advantage of the tax efficiencies the jurisdiction offers to funds and at the same time also benefit from the attractive regulatory framework for private equity funds.
“The continued increase in the value of the Guernsey fund market reflects the growing importance the jurisdiction has in the global finance industry. Via Apex, its clients can now fully access the specialist services in Guernsey.”
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