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Apex Fund Services opens office in Toronto

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Apex Fund Services is expanding its North American fund administration services and client base with the opening of its Canada office in Toronto.

Apex Fund Services (Canada) will be managed and run by Alex Chapman. He was formerly vice president and part-owner of Commonwealth Fund Services, the successor to Mintz Fund Services that he created and managed.

Prior to this Chapman worked in Monaco managing a small offshore fund administration company. Chapman was involved in advising both the DIFC and the Monaco government on their collective investment laws.

Apex Fund Services now has offices in 15 countries.

Peter Hughes (pictured), managing director of Apex Fund Services, says: “We view the Canadian market as having significant potential for growth and we are already seeing a number of new fund launches. The opening of our office in Toronto will help consolidate our success, particularly in North America, and allow us to build on the progress already made by our US office.”

Chapman adds: “Canada has needed an administrator such as Apex for many years now, an administrator who can offer international best practice and cutting-edge technology at excellent value.”

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