Apex Fund Services has become the first independent fund administrator to enter the Japanese market following the opening of its Tokyo office this week.
The company, which now has 34 international offices, said it will roll out and make available its entire range of fund administration services to fund managers located in Japan.
The Apex Japan office will be run by Hideki Hashiguchi. Prior to joining Apex, Mr Hashiguchi worked with HSBC, Credit Suisse and BNYM in Japan as the representative director and head of business development of alternative fund services.
“Recent changes in the political environment have led to looser financial monetary policy which in turn has attracted the attention of the global investment community. Japan is a jurisdiction where cultural understanding and long-term business relationships are essential and Apex’s latest office reflects our commitment to this new market,” Apex group managing director Peter Hughes said.
He said Japanese fund managers have been relatively overlooked over the last 20 years by international fund servicing organisations and ‘Abenomics’ have firmly put them back on the industry’s radar.
“This is an ideal time for Apex to set up an office in Japan. We believe that Apex’s value added services will be recognized and well received by the fund management industry in Japan,” Mr Hashiguchi said.
