Apex Fund Services has appointed Wall Street stalwart Daniel Strachman as head of US business development.
Bringing more than 20 years of financial services experience to the role, Strachman will drive US growth initiatives and deliver proactive fund administration solutions to fund management clients.
He joins from A&C Advisors LLC, where he was managing director. Previously, he has held positions at Cantor Fitzgerald & Company and Morgan Stanley & Company.
Strachman is also a founding board member of the Investment Management Due Diligence Association, and co-founder of both Operations for Alternatives and HEDGEAnswers.
He has also written nine books on investment strategy.
Peter Hughes, founder and CEO of Apex Fund Services, said: “Daniel Strachman is a really important addition to our US team at this time and he brings with him unrivalled experience of the local asset management space.”
He added: “Daniel Strachman’s career speaks for itself and his background and subsequent knowledge base will help drive our North American presence forward as we continue to expand our local footprint.”
Strachman said: “I am truly excited and thrilled to be joining Apex at this pivotal time in the fund management industry.”
“Never before has the industry been under so much market, fee, performance and regulatory pressure where a truly independent fund administrator is needed and warranted by investors and managers alike."
