Fintech North America

Apex Group Ltd., a global financial services provider announces the launch of its Escrow offering for North American clients.

Apex delivers a single-source solution to asset managers, capital markets and private clients across fund, financial and corporate solutions, via 45 offices and circa. 3,500 employees worldwide.

The launch of Escrow services for the Americas follows the Group’s announcement in March that it had rolled out additional corporate services in the region, through its local accounting, tax, payroll and employee benefits business.

Continuing to build out its corporate solutions arm locally, the launch of Apex’s Capital Markets offering in North America follows the success of its long-standing European service arm to provide a range of services, along with independent experts and rapid turnaround. Its core service hub for these solutions will be the New York office.

As an independent Escrow services provider, Apex delivers tailored support and Escrow solutions with its clients now able to benefit from these capabilities;

Escrow arrangements are commonly used by Apex clients, including intermediary firms and private equity firms to provide transactional support in the following situations:

  • Mergers and acquisitions
  • Project finance
  • Capital raising
  • Litigation settlement funds
  • Real estate and construction
  • Pension scheme funding
  • International trade finance

Paul Wilden, Global Head of Capital Markets comments:

“Along with the expansion of our subsidiary, Throgmorton, into the US a couple of months ago, the launch of locally delivered Escrow services really signifies our intent for the region. We are focusing on the expansion of our Capital Markets offering to deliver local solutions that our clients operating and transacting in the Americas can benefit from. Debt-restructuring as a result of the current environment is an increasing trend and the expansion of our Escrow offering means we have a broader solution to support our clients looking to leverage those kinds of opportunities”.

Georges Archibald, Head of Apex Americas comments:

“At a time of upheaval in global markets, we continue to provide best-in-class advice and support to our clients and to introduce new products and services as part of our single-source solution to better serve their needs. Services like this are critical to helping our clients run their businesses at this time and to help them to adapt to the current market environment. We look forward to adding complementary services to our offering over the coming year.”

Author

  • Editorial Director of the The Fintech Times

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