PR84051

HONG KONG, May 18, 2020 /PRNewswire=KYODO JBN/ --

Apex Group Ltd. ("Apex" or "the Group"), a global financial services provider

and BITE Investments ("BITE"), a fintech company providing high net worth

investors ("HNWIs") access to alternative investments, today announce the

launch of a partnership to deliver enhanced solutions to the Asian asset

management market.

BITE provides high net worth investors access to alternative asset funds and

their underlying, direct co-investment opportunities, in smaller more

manageable sized amounts and has recently closed a pre-Series A funding round

backed by Apex.

The BITE solution was developed in response to demand from HNWIs who are

typically "under-allocated" to alternative asset classes including private

equity, despite the class historically outperforming the S&P 500, particularly

during "bear markets."

Apex delivers a single-source solution covering the full spectrum of financial

services products to asset managers, capital markets and private clients via

over 45 offices and 3,500 employees worldwide. The Group's partnership with

BITE provides a unique offering for Chinese and other Asian investors globally,

and those across the broader APAC region, to build an USD Alternatives

investment portfolio.

This partnership supports the market trend of a shift by HNWIs towards online

wealth management solutions and diversification of their investment portfolio

using alternative assets which has been underway in recent years and is being

accelerated by the current market environment.

Peter Hughes, Founder and CEO of Apex Group:

"The opportunity to partner with BITE comes at an ideal time for Apex as we

focus our APAC strategy on addressing this underserved space and market

opportunity. The combination of our fund, financial and corporate services and

longstanding presence in the region, enables us to partner with BITE to provide

a technology enabled distribution platform to build Asia's premium online

alternatives investment platform for high net worth investors.

"We look forward to working with William and their experienced management team

who bring and excellent track record of building and running fintech and

financial services firms."

William Rudebeck, Founder and CEO of BITE Investments:

"We are hugely excited by the partnership with the Apex and the ability to

leverage their institutional global reach to bring BITE's technology driven

access to outstanding alternative investment opportunities. The partnership

creates arguably the most compelling solution for investors in the marketplace.

"There are many financial 'supermarkets' for high net worth individuals in

Asia, but no truly dedicated, trusted, online source of premium alternative

investments, and yet, given the performance of some alternative investments, we

see huge demand for such a platform."

Apex Group

Apex Group Ltd., established in Bermuda in 2003, is a global financial services

provider. With 45 offices worldwide and 3,500 employees, Apex delivers an

extensive range of services to asset managers, allocators and financial

institutions. The Group has continually improved and evolved its capabilities

to offer a single-source solution through establishing the broadest range of

products in the industry; including fund services, digital bank account

opening, paperless onboarding, depositary, custody, super ManCo and business

solutions including HR and Payroll. www.theapexgroup.com

BITE Investments

BITE is Asia's Premium Alternatives Investment platform. BITE helps investors

and advisors access funds that would otherwise be inaccessible because they are

either oversubscribed, too illiquid, or have an institutional-level minimum

buy-in.

BITE's management team is supported by a world class set of shareholders and

advisors and operates within the parameters of some of the world's most

respected regulatory regimes; BITE is majority owned by VCP Advisors, which is

regulated in North America (FINRA / SEC), Europe (FCA, UK), Asia (SFC, Hong

Kong) and Cayman (CIMA).

Logo - https://mma.prnewswire.com/media/1168920/Apex_Logo.jpg

Logo - https://mma.prnewswire.com/media/1168921/BITE_Logo.jpg

Source: Apex and BITE