Administrator Apex Wins Bahrain Office Approval

Jan 23 2008 | 8:26am ET

Hedge fund administrator Apex Fund Services is set to open its second office in the Middle East.

The Central Bank of Bahrain yesterday announced that the company, which has seven other offices around the world, including one in nearby Dubai, has been granted a license to operate in the country. Apex Fund Services (Bahrain) will open this month in the Bahraini capital of Manama.

The Bahrain office is the second new office for Bermuda-based Apex this year: A subsidiary in Malta is also set to begin operations this month. The firm’s Dubai office—the first regulated fund administrator in the emirate—opened in 2006.

Nicolas Angio will head up the new office, alongside Craig Roberts. Angio joins the firm from Bisys Hedge Fund Services, while Roberts has served as a managing director in Apex’s Dubai office.

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