Apex expands digital banking through EDB

Apex has expanded its digital banking services delivered by its Luxembourg-based subsidiary, European Depositary Bank. EDB’s digital banking platform offers a tailored solution for asset managers and SPVs, family offices, corporates, trusts and UHNWI. Clients can now open multi-currency accounts and manage their day-to-day transactions, including global payments, FX requirements and cash management through automated money market sweeps from a single online dashboard. EDB was acquired by Apex in 2019, and recently appointed David Claus as its CEO. It provides depositary services in Europe for regulated UCITS and alternative funds with >$160bn assets under depositary.

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