Independent fund administration company Apex Fund Services has appointed Gordon Shaw as chief operating officer of the Apex Group.
Shaw (pictured) was previously global head of banking and custody within the Credit Suisse alternative funds business. Prior to this, he was group chief operating officer at Fortis Prime Fund Solutions where he had responsibility for over USD100bn of assets under administration. Whilst at Fortis, Shaw worked in a number of senior positions in multiple locations in the Americas, Europe and Asia.
One of Shaw’s global responsibilities will be to increase the use of Apex’s technology based services including middle office functions, same day NAV reporting and trading systems. These services are all fully integrated on a technology platform that allows fund managers to instantly access, manage and trade their portfolio.
Under Shaw’s direction, all of the Apex services will be promoted through each of Apex’s 31 offices. He is based at Apex’s new UK offices in the City of London.
As part of Apex’s EMIS service, the London office also provides free office space, administration and technology services to fund managers starting new funds as part of the global offering to support the successful launch of funds around the world.
Peter Hughes, group managing director, Apex Fund Services, says: "Gordon’s appointment enables Apex to expand and further develop our unique blend of highly personalised services which have proved so popular with our rapidly growing client base, and which target those clear industry demands not being adequately met by the mainstream service providers.
“With the fund industry facing further compliance and regulation, Gordon’s experience and responsibility for managing risk controls will ensure we continue to provide the highest levels of clients servicing as our global reach and product range expands further.”
Shaw says: “The strength of Apex’s global network and its worldwide reach offers powerful benefits for fund managers around the world. Rather than outsource functions to a remote and inaccessible central location, Apex offers a full range of services in the manager’s own location, provided by highly qualified local staff who have a close understanding of local regulations.
“In addition, Apex has the genuine ambition, desire and flexibility to develop new services and tailor processes quickly, whilst also having the freedom to invest and add resources promptly where required. I look forward to being part of a team that is leading the advancement of the global fund servicing industry.”