Apex Group, a global financial services provider, has selected the Enfusion platform to enhance the delivery of middle-office services to its global fund administration client base. Enfusion is a provider of cloud-native software-as-a-service (SaaS) solutions for hedge funds and asset managers.

Apex Group will utilise Enfusion’s software for cash and position reconciliation, corporate actions processing and verification, trade affirmation and break resolution, shadow NAV calculations and reporting, and more as part of its middle-office offering.

As a leading multi-asset class front-to-back-office SaaS platform, Enfusion is a natural fit for the middle-office services Apex Group provides for buy-side institutions such as asset managers, hedge funds, family offices, pension funds and allocators, as well as broker/dealers. These services create efficiencies, reduce costs, and improve controls by outsourcing partially or fully, the back, middle and front office framework.

Apex Group is already using the platform to deliver services to five fund managers based in Asia Pacific and Australia. As Apex Group’s middle-office services continue to expand globally Enfusion will play a central role in their best-in-class technology footprint supporting their single-source offering for clients