Apex Group Ltd., a financial services provider, announced its appointment by Capital Prudential Manager Pty Ltd to support the Capital Prudential Real Estate Master Trust. Capital Prudential is a non-banking institution, offering attractive returns from pooled investment in diversified property developments delivered as regular predictable income streams.
What does Apex Group bring to the partnership?
Apex Group has been appointed to provide Fund Administration, Loan Administration and Compliance Services, to supplement Capital Prudential’s risk management, treasury and settlements function to ensure that investors benefit from best-in-class risk management.
Fund administration is at the core of Apex’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms.
According to the Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, cost benefits of $5.39m, with a net present value of $2.75m over three-years. Apex Group’s Loan Administration offering is integrated with Fund Administration services and technology platforms, to deliver cohesive end-to-end solution.
Apex Group will also deliver tech-enabled compliance solutions to meet their operational and regulatory obligations. Apex’s Global Compliance Solutions team, which recently expanded in Singapore, works closely with the Group’s Corporate Solutions experts to combine regulatory compliance with back office, bookkeeping and entity formation services, ensuring a seamless solution, from licensing to full launch and ongoing support to businesses.
This appointment follows Apex Group’s continued growth in ANZ, including the strategic acquisitions of Mainstream Group and MMC, and new client wins including Foord Asset Management, Octopus Investments Australia, Perennial Partners and New Forests.
What does this mean for Apex and Capital Prudential?
Commenting on the partnership, Andrea Gallenca, Head of Private Market Sales, Australia at Apex Group said: “We are excited to be working with Capital Prudential through the provision of locally delivered fund and loan administration as well as compliance services.”
“Our integrated solutions will enable Capital Prudential’s experienced team to focus their attention on generating stable fixed income returns from diversified property development portfolios whilst maintaining a deep focus on capital preservation and risk management.”
Commenting on the partnership, Sam Moore, Managing Director, Capital Prudential Funds Management further adds: “We appointed Apex Group as their agile, global single-source solution delivers efficiency, tailored to our fund and loan administration, as well as compliance needs, through one convenient relationship. We look forward to working together deliver the highest levels of governance and operational efficiency, for the benefit of our investors.”