Apex Group Ltd has named two senior leaders to its executive team as part of its continuing global expansion.

Effective October 1, Kimberly DeTrask will join the company as chief financial officer. She comes to Apex from State Street, where she spent more than a decade, most recently serving as treasurer and executive vice-president. Before that, she worked for 14 years at the Federal Reserve Bank of Boston in its risk and policy unit, contributing to key regulatory frameworks.

Apex Group, established in Bermuda in 2003, provides financial services to asset managers, allocators, financial institutions and family offices worldwide.

Ms DeTrask, who is a chartered financial analyst and alumna of Harvard’s CFO leadership programme, has held leadership roles in London and Boston, including CFO of State Street International. At Apex she will report directly to founder and chief executive Peter Hughes, joining the group’s executive committee with a mandate to modernise its finance function and strengthen its global infrastructure.

Mr Hughes said: “Kimberly is a highly experienced and accomplished finance leader and an excellent addition to our leadership team. Her deep financial expertise and global perspective will be instrumental as we continue to scale and innovate across our business.”

Maxwell Johnston, a member of the Apex executive committee for the past seven years, has been appointed chief business officer. Mr Johnston has held several roles at the group, including overseeing mergers and acquisitions strategy and serving as chief of staff and, most recently, as interim CFO.

Mr Hughes added: “Max’s appointment reflects our commitment to strengthening our commercial capabilities and local delivery to support the value we can offer our clients. His focus on driving transparency, alignment and enhanced processes through our regional operations will be instrumental as we continue to evolve and mature our business operations.”