Over the past couple of years Apex has focused on aggressively growing its private equity service line and has now become the largest provider in the closed-ended space, administering circa. $300 billion in assets in this segment alone.
The latest development in the structuring of its PE business sees the global group appoint co-heads of the Private Equity and Real Estate service line with Elaine Chim announced as Head of Private Equity and Real Estate for the Americas, and Gareth Smith as Head of Private Equity and Real Estate for the EMEA and APAC regions.
Chim joined Apex in 2018 as part of the Group’s acquisition of Deutsche Bank’s Alternative Fund Services business. She brings a wealth of expertise in the closed-ended space, with over a decade of experience in the alternative investment services sector. Smith joined the Group in April 2019 as Head of its Channel Islands operation where a large proportion of clients are private equity focused. Prior to that, Smith held senior roles at Maitland Group and R&H Fund Services and has over a decade’s of experience supporting closed-ended funds globally.
Srikumar T.E., Global Head of Fund Services, comments:
“We are delighted to announce the appointment of Elaine and Gareth as co-heads of our private equity service line. This new structure will enable us to deliver enhanced regional oversight and leadership as we continue to expand our service capabilities in this space. Both are seasoned professionals and we are particularly proud that both appointments are demonstrative of our commitment to employing the best talent in the industry as we are able to enhance our leadership team from within.”
Elaine Chim, Head of Private Equity & Real Estate – Americas, comments:
“Apex is poised for continued growth and expansion in the closed-ended space and we have a huge amount of opportunity in the Americas market. Having built out the broadest technology offering in the industry, including collaborating with market leaders including Yardi, eFront, and FIS, I am excited to lead the continued evolution of offering across the Americas region and with the addition of Gareth, we have a fantastic global team in place to maintain our market leading position”.
Gareth Smith, Head of Private Equity & Real Estate – EMEA and APAC, comments:
“This is an exciting time to be part of the Apex Group and I am thrilled to be expanding my role scope to include driving the EMEA and APAC private equity agenda. Apex is extremely well known in the open-ended space and it is not yet well understood by the market that we are in fact far larger and more dominant in the closed-ended space. Working closely with Elaine, I look forward to helping deliver this message to the industry through ensuring exemplary service and continued innovation and evolution in our product offering.”
About Apex:
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 40 offices worldwide and 3,000+ employees, Apex delivers a broad range of solutions to asset managers, allocators and financial institutions. The Group has continually improved and evolved its service suite to offer the broadest range of solutions in the industry, covering three key pillars: fund solutions, financial solutions and corporate solutions. Apex administers over $650 billion in assets globally. www.apexgroup.com
Press contact:
Global Head of Marketing and Communications
Rosie Guest
