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Apex and Triple Point Deliver Transfer Agency Platform

27 April 2020

New York, April 27, 2020 – Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, and Triple Point Liquidity (“Triple Point”), a New York City based financial technology startup, today announced a partnership to deliver an enhanced Transfer Agency platform to clients.

Apex delivers a single-source solution to asset managers, capital markets and private clients via 40+ offices and 3,500 employees worldwide. The partnership with Triple Point further enhances this offering through the integration of its innovative registrar and transfer agency platform to better manage their liquidity through one integrated best-in-class platform.

The partnership will enable Apex clients to leverage secondary market experts and experience through Hedgebay Securities LLC (“Hedgebay”), a FINRA registered, agency only broker-dealer focusing on the transfer of private assets.  Hedgebay’s capabilities will work seamlessly with the Triple Point platform, offering alternative asset managers and their limited partners a leading asset support platform.

This partnership follows the recent announcement from the Group regarding the launch of its digital banking capabilities and further reinforces its ambition to lead the way in technology solutions and digital capabilities for its clients. Complementing its single-source solution Apex delivers the broadest range of technology platforms in the market; this latest partnership announcement demonstrates its ongoing global commitment to continuing to evolve and expand its capabilities.

Georges Archibald, Head of Apex Americas, comments:

“Given the fluidity of global markets we wanted to ensure that our clients had immediate access to the latest tools to support their funds. Strategic relationships like this are critical to helping our clients run flexible and sustainable businesses, adapting to the fast changing market environment. We are extremely pleased with the speed in which we were able to bring this to market and look forward to working closely with the Triple Point team to bring enhanced solutions to our clients.” 

Jared Klee, President of Triple Point, comments:

“We are excited to partner with a global business like Apex and provide a solution that adds to and enhances their unique in-house single-source offering. Apex’s core focus is delivering exceptional client service through innovation and this makes for a solid partnership as we work closely as a combined team to innovate and roll-out new, additional cutting-edge capabilities over the coming months.” 

Jared Herman, President of Hedgebay, comments:

“The Apex / Triple Point relationship is an exciting development for private market participants as it facilitates a better asset support infrastructure through an end-to-end platform.  By providing the digital capital activity documentation suite, backed by the integrated price negotiation and settlement capabilities, Apex clients will be better able to manage their liquidity in one integrated best-in-class platform. 

Ends

About Apex

Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 40 offices worldwide and 3,500 employees, Apex delivers an extensive range of services to asset managers, allocators and financial institutions. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of products in the industry; including fund services, digital onboarding and bank account opening, depositary, custody, super ManCo solutions and business services including HR and payroll solutions. www.apexgroup.com

About Triple Point

Triple Point Liquidity is an agnostic, blockchain-based platform that facilitates the transaction of private and illiquid assets. The platform enhances shareholder registrar and transfer agency services, and serves to facilitate secondary market liquidity by leveraging and connecting into an ecosystem of sophisticated financial counterparties. www.triplepointliquidity.com

 

Press contacts:

Global head of Marketing & Communications

Rosie Guest: rosie@apexfunds.co.uk / 0203 961 1436

 

Jared Klee: inquiries@triplepointliquidity.com  

President

 

Jared Herman: jared@hedgebay.com / + 1 203 227 1987

President

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