Apex makes senior appointment, targets rapid growth in Americas
Bermuda’s Apex Fund Services has named Elliott Brown to the newly created position of managing director, Americas as it targets rapid growth in the region.
Mr Brown will have responsibility for overseeing the growth of all of Apex’s offices in North and South America.
Apex is one of the world’s largest independent fund administration companies.
Mr Brown was formerly with JP Morgan for 18 years, most recently as the managing director responsible for leading the bank’s global hedge fund administration business. Prior to that he was in strategy and business development and was instrumental in the formation of the hedge fund and private equity fund administration businesses at JPMorgan. He also worked for JPMorgan in Australia in relationship management and operations.
Mr Brown is a Chartered Accountant and Fellow of the Securities Institute of Australia.
Apex America has recently opened its new offices on East 52nd Street in New York and already offers office space to emerging fund managers as part of Apex’s Emerging Manager Incubation Service (EMIS) launched in February 2013.
Peter Hughes, Group managing director, Apex Fund Services, said: “Attracting high calibre people such as Elliott demonstrates the growing recognition of Apex’s potential around the world. Elliott’s addition to the senior management team ensures that Apex now has the right resources in place ahead of its next phase of aggressive growth.
"Apex remains fully intent on continuing to shake up the financial services industry by introducing innovative services that are designed to bring efficiencies to fund managers and transparency to investors.”
Mr Brown commented: “It is very exciting to be working with an organisation that is totally focused on servicing the needs of alternative funds and private equity managers. Apex has built an extensive suite of products to help asset managers grow their businesses efficiently.
“Opportunities to join a Company that is gaining momentum at a critical time in the global economy do not come around often and I am delighted to be joining the team at this time of Apex’s development.”
Apex has more than $23 billion under administration, and over 300 employees in 29 offices across 20 countries.
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