Asset Servicing Times – Assembly and AMAL select Apex for fund admin services

Source: Asset Servicing Times

Jenna Lomax

Assembly Funds Management and AMAL Trustees have selected Apex to provide fund administration services for the Australian Diversified Property Fund 1.

Assembly plans to pursue real estate investment opportunities across Australia and New Zealand, targeting a range of property assets including office, logistics, residential and retail.

Michael Gutman, Assembly’s founder and CEO is the former corporation president and global COO for Westfield.

David Potter, head of business development at Apex Australia, said: “We are delighted to have been selected by AFM and AMAL to provide fund administration services for ADPF1.”

He added: “Apex’s offering is built around its ability to serve as a natural extension of our client’s team and we look forward to supporting AMAL and Assembly as the fund grows.”

Phil Joseph, executive director at AMAL, commented: “AMAL Trustees is delighted to be working with Apex as the fund administrator for Assembly Funds Management. Apex is an obvious choice given their excellent standing in the market. We look forward to working with Apex and Assembly on this exciting venture.”

Download PDF of article