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Apex AUM Grows at 31% and Makes Senior North America Appointment

NEW YORK, Feb. 18, 2015 (GLOBE NEWSWIRE) -- Apex Fund Services, one of the world's largest independent fund administrators, has appointed Dennis Westley as Managing Director, North America with immediate effect.

By leveraging Apex's ability to bring global fund structures to the U.S., Westley will have responsibility for growing Apex's North American operations and integrating potential acquisitions. Reporting directly to Apex's Global CEO, Bill Salus, Westley will also manage Apex's offices in New York, New Jersey, Florida and Toronto.

Westley has over 30 years experience in the investment and financial services industry. He was previously a managing director in BNY Mellon's Alternative Investment Services group where he was Head of North American Client Services.

Prior to this he was a senior managing director and Head of Alternative Investment Services at PNC Global Investment Servicing where he developed and managed the alternative investments fund administration practice for nearly a decade.

Apex's rapid expansion is evidenced by achieving 31% AUM growth over the last 12 months. Benefiting from its 'Global Reach, Local Presence' strategy, Apex now has over 1,000 funds, 450 clients and AUM of US$34 billion, serviced in 34 offices worldwide.

Bill Salus, Global CEO, commenting on Westley's appointment said;

"Dennis' track record in growing businesses and building teams that exceed client expectations is second to none. He is one of the stand out individuals in the U.S. alternatives and mutual fund industry and his influence will have an immediate impact on Apex's fast growing U.S. business."

Dennis Westley, Managing Director, Apex North America, commented;

"U.S. fund managers are increasingly realizing the significant benefits of partnering with Apex and the value of using one of the largest independent administrators that goes the extra step towards helping U.S. middle market fund managers grow their businesses.

"Being part of the Apex organization that is bringing exciting advancements to the U.S. fund market, including access to global investors via Apex's Capital Introductory service, is a unique opportunity."

About Apex Fund Services

Apex Fund Services, established in 2003, is one of the world's largest specialist fund administration and middle office solutions providers.

The globally distributed service model, spanning 26 countries, has been developed to meet the changing demands of successful managers across all asset classes and has subsequently made Apex the beneficiary of investments by some of the largest funds and institutional investors in the world.

Apex Fund Services (US) Inc. was launched in 2008 and supports clients through specializing in delivering the following services:

  • Global fund accounting and administration and investor services, including daily reconcilement and information provided through a robust client and investor portal
  • Fund structuring and access global distribution platforms
  • Full complement of surround capabilities, including FATA, FX services, corporate secretarial/directorships and tax services
  • Middle office outsourcing and support
  • Customizable and localized approach to servicing clients
  • Capital introduction services
  • Turn key off shore platforms for emerging managers.
CONTACT: www.apexfundservices.com Bill Salus, Global Chief Executive Officer +1 212 254 1917 bill@apexfunds.us Dennis Westley, Managing Director, Apex North America dennis@apexfunds.us +1 646 517 1497 Mark Way, Corporate Communications +44 7786 116991 mark@apex.bmSource: Apex Fund Services