Fund administration and middle office provider Apex Fund Services’ Luxembourg operation will be the first administration office in the group to use the Riva Transfer Agent (Riva TA) software solution.
The deployment of the Riva TA application at Apex Luxembourg will compliment Apex’s “Global Reach, Local Presence” service strategy by providing access to a rapid time-to-market administrative solution perfectly designed for the Luxembourg and European cross-border fund markets.
Apex says that both new and existing clients will benefit from the change.
“We are delighted to announce that Riva’s award winning Riva Transfer Agent application will be deployed at Apex Fund Services Luxembourg. Since the partnership began in 2015 we have enjoyed developing a productive relationship between our organisations and this implementation in particular will allow Apex to administer retail scale domestic and international mutual fund investment products on a single global platform. The opportunity for Apex Luxembourg to maximise operational efficiencies and take full advantage of new business opportunities is an exciting prospect,” says Ghassan Hakim, CEO of Riva Financial Systems.
James Bolton (pictured), managing director, Apex Luxembourg and head of Transfer Agency, adds: “The selection and subsequent implementation of RIVA TA comes at an exciting time for Apex as we reposition our transfer agency from a bespoke institutional service to a strategically robust wholesale service. RIVA TA offers industry leading capability, a strong control environment and opportunities for automation that are second to none and comes from an organisation that genuinely understands what it takes to provide transfer agency in the 21st Century.”