Equinoxe rebrands under Apex name
Fund administrator Equinoxe's Bermuda platform has been rebranded by its parent company as Apex Insurance Fund Services.
The acquisition of Equinoxe Alternative Investment Services by Apex Fund Services was announced in May last year at the same time as private-equity firm Genstar Capital provided Apex with extra capital to fuel expansion.
The Apex Group was founded in Bermuda in 2003 by Peter Hughes. It has grown into one of the world's largest fund administrators with offices in 38 locations.
Apex said the rebranding was part of its plan to leverage the insurance-linked securities expertise it gained through the acquisition of Equinoxe Bermuda.
Apex Insurance Fund Services is led by Matthew Charleson, who joined the group last year as head of insurance fund services. He previously worked as head of fund administration services at Kane LPI Solutions.
Mr Charleson said the rebranding highlighted “the seamless integration” of the wider Equinoxe business into the Apex Group.
“The combined team allows us to offer unrivalled expertise and to better serve insurance funds both locally and beyond,” Mr Charleson said.
Mr Hughes, chief executive officer of the Apex Group said: “Providing a full-service offering in Bermuda to vehicles investing in insurance fund products and insurance-linked securities underscores Apex's commitment to always delivering client focused services locally.”