Apex Group Launches LRI Middle East in Abu Dhabi

Global financial services provider Apex Group Ltd (Apex) launced a new subsidiary LRI Investment Management Services (ME) Ltd. (LRI Middle East) in the Abu Dhabi Global Market (ADGM) following full regulatory approval by the ADGM Financial Services Regulatory Authority, according to the official press release.

As detailed in the announcement, based in the fast growing ADGM business community, LRI Middle East will offer third-party Management Company (“ManCo”) services to Qualified Investor Funds and Exempt Funds, allowing clients in the ADGM to streamline their operations in a cost-effective manner.

Services offered by LRI Middle East include:

• ADGM ManCo

• Investment Management

• Risk Management & Valuation

• Relationship Management

• Fund Structuring & Setup

• ​Regulatory Reporting

• Compliance

As part of the Apex Group, LRI Middle East’s clients will also benefit from access to a range of administrative and middle office, banking, depositary and custody services offered through the Group’s global network.

The addition of these services to its UAE operation enables the Group to deliver its single-source solution, covering the full value chain, to both new and existing clients in the Middle East. Apex’s longstanding global presence, teamed with its ever-expanding regional operation, will better serve clients in the region as it diversifies both its offering and client base.

Let's recall that Apex has launched its Compliance Solutions business in ADGM in October, enabling the Group to deliver its single-source solution, across the full value chain, to both new and existing clients in the region. Before that, the Group had acquired risk and compliance consultancy Praesidium Advisory Ltd and the subsequent integration into the Group’s compliance arm adding clients across DIFC, ADGM, Singapore, London, US, and Switzerland from sectors including asset managers, family offices, government entities, financial institutions, law firms and individuals.

Amin El-Kholy, Managing Director at Apex Group comments: “We are excited to announce the launch of LRI Middle East, allowing our clients in the region to access a true single-source solution. We have been delivering services locally in the UAE for nearly 15 years, and the announcements of recent months show our continued commitment to the region, and offering value-added services for our current and future clients. The addition of third-party ManCo services to Qualified Investor Funds and Exempt Funds enables us to enhance both new and long-standing local relationships even further.”