Cork Company Apex Fund Services Launches First Private Fund Administration company in China

Minister Kelleher Leads Enterprise Ireland Trade Mission to Shanghai

The Minister for Trade and Commerce Mr Billy Kelleher T.D. today Thursday (15th October 2009) launched Cork company Apex Fund Services Ltd's new fund administration operation in Shanghai, China.  The announcement was made during this week's Enterprise Ireland trade mission to China.

The launch was particularly significant as Apex is the first privately owned fund administration company (i.e. not backed by a bank or instiution) to launch in China.

Apex Fund Services Ltd., is wholly owned by two Irish individuals with 13 separate offices across Europe, Asia, Middle East and North America.  The company offers an integrated range of fund-related services including fund administration services, corporate services and transfer agency services, in addition to valued added services such as advice on fund launches, restructuring and raising capital.

In China, Apex will be offering various financial services (fund accounting, share registry and AML as well as fund set-up assistance) to Chinese domestic and offshore funds, Chinese investment managers and banks.

Congratulating Apex, Minister Kelleher said: "Financial services are a key component of Ireland's export performance and Apex is a company that exemplifies the strength and quality of Ireland's financial services sector.   Through its focus on service and internationalisation, Apex is strongly positioned to win business in China's modern, technologically driven financial services environment.  I wish them every success."

John Bohan, Managing Director of Apex said:  "our launch in China represents a significant milestone in our ongoing expansion plans for a truly global fund services solution. The scale of opportunity in this region is immense and this trade mission has ensured that we have had access to senior representatives in the banking and financial services industry that have engaged the minister, this trade mission and Apex Fund Services Ltd in the spirit of co-operation and business development"

(This press release is available on the Departments website at www.entemp.ie)

ENDS

For further information contact:

John Bohan, Managing Director, Apex Fund Services (Ireland) Ltd.,
Enterprise House, Watersedge, Midleton, Co. Cork, Ireland,  Ph  +353 21 4633366, Fax: +353 21 4633377
www.apexfundservices.com