Apex to provide middle office solutions to fixed income ETF provider Tabula
Apex Group (Apex) has secured a mandate to provide middle office solutions to Tabula Investment Management Limited (Tabula).
Apex’s dedicated ETF team will be providing the specialist fixed income ETF provider with tailored middle office services as part of Apex’s single-source solution.
This new partnership allows Tabula to benefit from Apex’s extensive experience of servicing ETFs and best-in-class technologies to enhance its operating model, reduce risk and minimise costs. Tabula currently manages a range of six ETFs that target specific risk factors in fixed income, including corporate bond, corporate credit and alternative risk premia ETFs.
This announcement further demonstrates Apex’s expertise in the ETF space and capabilities to support clients, whether they are new to ETFs or established managers such as Tabula seeking an improved service.
Apex’s ETF middle office services include: static data management; NAV verification; reconciliation and dispute management; cash and trade processing; and collateral management
David Rhydderch, Global Head of Financial Solutions at Apex Group, says: “The growth of ETFs has transformed equity investing in the past two decades, and we are excited to be working with Tabula who are at the leading edge of fixed income ETFs, an area poised for further growth. Our dedicated ETF team will leverage their extensive experience to provide Tabula with the insight and services to help support its growth, whilst allowing for greater control of costs and risk.”
Michael John Lytle, CEO at Tabula Investment Management, adds: “Following an extensive review, we have chosen to partner with Apex to provide Tabula with middle office services. Apex’s robust approach, and use of best-in-class technology, delivers a platform upon which we can continue to develop unique solutions for fixed income ETF investors.”