Brmuda based Apex Group,a global financial services provider, today announces that it is one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (“GIFT City”) International Financial Centre.

With this latest regulatory approval, Apex will open a GIFT City location, from which it will offer fund administration services and will work with regulators to deliver Apex’s full single source solution, including aviation leasing and ManCo services.Apex is currently in advanced discussions with many global funds and other clients seeking to setup their funds in GIFT City.

With today’s announcement, the Group remains committed to expanding its successful local Indian offices and is expecting to hire an additional 1,200 people by the end of 2022 to support ongoing growth.