Industry Updates

Tabula selects Apex for middle office ETF solutions

Apex will manage the static data, NAV verification and collateral

George Geddes

a man in a suit and tie

Fixed income ETF specialist Tabula Investment Management has selected Apex Group to provide middle office solutions for its ETFs.

The partnership enables Tabula to utilise Apex’s ETF servicing experience to enhance its operating model, reduce risk and minimise costs.

Apex’s ETF middle office services include static data management, net asset value (NAV) verification, reconciliation and dispute management, collateral management and the processing of cash and trades.

Tabula manages six fixed income ETFs offering exposure to specific risk factors such as corporate bonds, corporate credit and alternative risk premia.

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David Rhydderch, global head of financial solutions at Apex Group, commented: “The growth of ETFs has transformed equity investing in the past two decades, and we are excited to be working with Tabula who are at the leading edge of fixed income ETFs, an area poised for further growth.

“Our dedicated ETF team will leverage their extensive experience to provide Tabula with the insight and services to help support its growth, whilst allowing for greater control of costs and risk.”

Michael John Lytle (pictured), CEO at Tabula Investment Management, added: “Apex’s robust approach, and use of technology, delivers a platform upon which we can continue to develop unique solutions for fixed income ETF investors.”

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