Apex Fund Services has named Bill Salus as CEO with immediate effect. Salus takes over from Peter Hughes, who has become chairman of Apex.
The new appointments mark Apex’s target for further growth in all of its 34 global offices. Salus will be based in the New York office and will focus on continuing Apex’s success in the US markets.
As chairman, Hughes will focus on building Apex’s capital introductory service, which helps Apex clients access investor capitals.
Hughes said: “Having managed Apex since its formation I am proud of the global services and solutions Apex provides its clients. It is very satisfying to have set new standards for the fund administration sector and to be recognised as one of the largest independent providers of these services with the largest global footprint.”
“I am looking forward to working with someone of [Salus]’s caliber and someone who shares the same values as I do: not just meeting but exceeding client expectations. I welcome him to the Apex team.”
Salus added: “Apex Fund Services and its global network is unique to the fund servicing industry and offers a very robust and independent platform to meet our client’s demand for a broad suite of products and services.”
“Joining Apex offers a unique opportunity to lead an independent, fast growing organisation with a strong management team and tremendous customer support. I look forward to leveraging my experience to increase Apex’s share of the fund administration market around the world and in particular the US where the largest number of the world’s funds are based.”
