Apex Fund Services has appointed David Brown as the new managing director of the firm’s Bermuda office.
In his new role, Brown will target European and US fund managers for both their fund domicile and for the location of their funds operations.
He replaces Apex’s group managing director, Peter Hughes, who has managed the Bermuda office since he founded the company there 10 years ago.
Brown previously held the role of senior manager of operations for Butterfield Fulcrum. Prior to this he held a senior management position at CACEIS Investor Services.
Commenting on his appointment, Hughes said: “From its origins in Bermuda, Apex has grown fast to become one of the most successful international fund administration businesses. While they are hard shoes to fill I very much look forward to taking forward the work Hughes has successfully done in Bermuda and leading the company into the next stage of its growth.”
Hughes added: “Having started Apex originally from Bermuda and grown it to become one of the larger Bermudan administrators, I will always have a particularly close affiliation with the office, its clients and its employees. Bermuda gave Apex the springboard to become the global company it is today.”
“It has taken time to find someone with the right credentials to hand over the office to and I am delighted that Brown has agreed to join the Apex family and maintain the growth of Apex Bermuda by capitalising on the fresh opportunities Bermuda now offers.”
