Luxembourg, July 1, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has made three new senior appointments in Luxembourg hiring a Luxembourg COO, Head of Real Estate and locally based Global Head of Onboarding.
The Group has appointed Frederic Bilas as COO – Luxembourg following a decade as Director of Operations at European Fund Administration (“EFA”). Bilas will report directly to Group COO, Chris Mulhern, and has over 20 years’ experience in Investment funds, asset servicing and banking in Luxembourg. His broad range of skillsets position him perfectly to lead the expansive operation Apex runs in Luxembourg delivering the full suite of services across its single-source solution – from fund services to digital banking and onboarding, depositary, custody FX, corporate services and Super Manco solutions.
In addition to Bilas leading local operations across all business segments, Ramón van Heusden also joins the Luxembourg team as Head of Real Estate. This appointment quickly follows the Group’s announcement last week of the appointment of Michael Sheahan as Global Head of Real Estate and further reinforces its intent to dominate not only the Real Estate space globally but also the Luxembourg fund servicing space (Watch the video). Van Heusden will report to Sheahan and brings an outstanding track-record of over 30 years’ experience, most recently as Senior Director of Relationship Management PERE at TMF Group. Van Heusden has a strong career history in the fund services space having held long-term senior roles at Citco and Brown Brothers Harriman; the latter at which he created and developed its Luxembourg-based real estate fund servicing arm developing a client base of over 100 funds and $40bn in AuA.
The Group also announces the appointment of Kris Allen as Global Head of Client Onboarding. Allen joined Apex at the beginning of 2019 as part of the Ipes acquisition, where he had been for 6 years, becoming Head of Client Onboarding for Luxembourg in March this year. Transitioning to a Global role, he will now manage the global evolution of the Group’s onboarding processes with a focus on a seamless client experience across all three pillars of service; fund solutions, financial solutions and corporate solutions. This announcement comes just three months after the Group launched its digital banking and onboarding platform which delivers a pioneering new way for asset managers to open bank accounts and benefit from a totally paperless onboarding experience: Watch the video. Allen brings a decade’s worth of client relationships management and onboarding experience to the role and will report to Srikumar T.E., Global Head of Fund Solutions.
These three simultaneous senior hires in Luxembourg bolster the Group’s Operational, Real Estate, and Client Servicing strength, reinforcing the connected structure around its single-source servicing solution.
Chris Mulhern, Group COO, comments: “Luxembourg is not only one of our largest service hubs, it is the home of our single-source solution and the base for our Super ManCo and Banking offerings. Having successfully executed on our post-acquisition integration strategy over the last 18 months, we are now enhancing client experience through a connected operational framework. With Frederic at the helm of a centralised operational leadership structure in Luxembourg, we have the expertise in place to deliver a smooth and integrated client experience from onboarding, and throughout the ongoing relationship. Ensuring our operations teams are working closely together delivers value to clients through consistent and simplified interactions with our business no matter what mix of services they take and across each solution segment; fund, financial and corporate.”
Frederic Bilas, COO – Luxembourg, comments: “I am very pleased to be joining Apex at this time. Not only has the business been on an impressive growth trajectory globally, it has a unique and exciting offering for the Luxembourg market with huge ongoing opportunity to add value to clients. I look forward to leveraging my skillsets and experience across multiple service sectors within the space to bring the broad range of operational services together and deliver a really unique and superior client experience.”
Ramón van Heusden, Head of Real Estate – Luxembourg, comments: “Already dominating in the open-ended and private equity spaces, Apex has been making great strides in the real estate sector over the past few years – the connected technology offering for real estate managers and REITs is exciting to be a part of. I look forward to working with the global real estate team to continue to evolve the Group’s solutions and to working with my colleagues locally in Luxembourg to deliver Apex’s single-source message to the market.“
Kris Allen, Global Head of Onboarding, comments: “Having been part of the Apex Group for the past couple of years it has been an exciting journey of expansion. The Group was founded on the principle of delivering local service on a global scale and has stayed true to that throughout its unprecedented growth journey, connecting client service cross-jurisdiction but maintaining personal service. I am delighted to be able to contribute to the continued success of the business through leading a centralised approach to onboarding and further enhancing the client experience no matter where they are, or what services they are utilising”.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With 45 offices worldwide and 3,500 employees, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of products in the industry; including fund services, digital onboarding and bank accounts, depositary, custody and super ManCo services, business services including HR and Payroll and a pioneering ESG Ratings and Advisory service for private companies.
Global head of Marketing & Communications
Rosie Guest: [email protected] / 0203 961 1436
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