Exclusive: London asset manager Apis hires team from PE firm Actis
Knightsbridge-based financial services firm Apis has recruited a team from private equity group Actis, the firms shared with City PM this morning.
Cairo-based Hossam Abou Moussa will join Apis as a partner, together with two other investment professionals.
As a result of the recruitment drive, Apis will now have 30 financial services professionals and staff, who collectively manage or advise on roughly $1.3bn in third-party commitments and investments.
The move means that Apis will expand its presence into seven countries across Europe, Africa and Asia.
“We have had a strong relationship with Actis since our inception having often collaborated or invested together over the years,” Matteo Stefanel, managing partner and co-founder of Apis, explained to City PM
“The addition of the team lead by Hossam enhances our existing capabilities in financial services private equity,” he added.
As part of the transition, the new Apis team will continue to provide advice on certain Actis FS investments in existing portfolios.