People Moves

Administrator Apex names MD for new FSA-authorised UK office


Fund administration group Apex Fund Services has received authorisation from the UK’s Financial Services Authority as a fund operator. The group said its UK office was “one of a small number of administrators in the country that is authorized to provide independent administration services to regulated collective investment schemes domiciled in the UK”.

Apex said it will service all UK-based investment managers locally from London. Leading the growth of the new London office will be Colin Targett, who joins from Standard Bank in Jersey where he was head of valuations.

Targett is an experienced fund administrator, having formerly