Apex Group Launches LRI Middle East In Abu Dhabi Global Market
Investor services firm Apex Group has launched subsidiary LRI Investment Management Services (ME) Ltd. in the Abu Dhabi Global Market following full regulatory approval by the ADGM Financial Services Regulatory Authority. LRI Middle East will offer third-party Management Company services to Qualified Investor Funds and Exempt Funds.
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.”
This is the latest in a series of announcements from Apex. The firm has been expanding in the ADGM, including the launch of Compliance Services following the acquisition of risk and compliance consultancy Praesidium and the establishment of Corporate Solutions business Throgmorton in the ADGM.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.