The business already operates in the region. The new entity is regulated by Saudi Arabia's Capital Market Authority.

Financial services firm Apex Group, has launched a new office in the Kingdom of Saudi Arabia, adding to its Middle East presence. 

The Riyadh-based business, called Apex Saudi Arabia, is regulated by Saudi’s Capital Market Authority. 

Apex will deploy a support team based locally in Saudi Arabia to administer services such as Islamic funds, private equity funds, venture capital, real-estate and property level accounting, as well as equities, commodity, foreign exchange, and derivatives.

Apex Group country head for Saudi Arabia is Zafar Ullah Khan. The business employs 220 in the Middle East across five office locations.

The group was established in Bermuda in 2003 and employs more than 13,000 people globally. 

Earlier in May, Apex Group appointed John Papesh as a new managing director of its Apex Invest business, based in Abu Dhabi. Apex Invest is the rebranded technology platform, conference and events series of Context365. It connects fund managers, allocators and service providers. In 2021, Apex Group appointed Lucia Perchard as head of family office market. She is based in Jersey.