Global, June 01, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, announces today that Jon Hanifan has been appointed Head of Corporate Solutions, Americas with effect from July 1, 2020.
The appointment follows a flurry of US announcements from the Group regarding the expansion of its service capabilities across the Americas region; including the recent announcement of locally delivered Escrow services, its partnership on a transfer agency platform and the expansion of its business services subsidiary, Throgmorton, into the local market.
Hanifan, who is currently Head of Tax & Deputy Head at Apex subsidiary Throgmorton UK, is to relocate to New York to undertake his new role. He will be responsible for the development of Throgmorton USA, along with the Group’s Corporate Solutions businesses across the Americas, including the Cayman Islands and Bermuda. Hanifan joined the Throgmorton UK business in 2017, prior to which he was a Principal at Akin Gump Strauss Hauer & Feld, where he led the firm’s European hedge fund tax advisory team, and an Executive Director at EY.
Apex acquired Throgmorton in June last year as part of its deal to buy the corporate services and private clients business from Link Asset Services. Collectively the businesses added over 600 employees to the group and an additional layer of experience in the corporate solutions space. The Group’s expansion of these solutions into the US reiterates the global firm’s ongoing intention to further penetrate the US market following a string of local acquisitions in 2019; including Atlantic Fund Services and Broadscope.
The Throgmorton subsidiary has over 20 years’ experience delivering accounting and business services across the UK and will leverage this expertise to enable US based firms to build capacity within their business operations to focus on strategically important initiatives. Throgmorton USA’s services will be delivered to US managers by an experienced local team, based in New York.
Georges Archibald, Head of Apex Americas, comments: “We look forward to welcoming Jon to the US team and see his appointment as a demonstration of the market leading pool of talent we have to draw on from within the Group. The acquisition of Throgmorton represented an important milestone for Apex as we built a single-source solution as a global financial services provider. Delivering these services to our US clients adds to our market leading capabilities and reinforces our growth intentions for the US market.”
Adam Hewitson, Head of Throgmorton, comments: “Jon has played a key part in growing the Throgmorton tax team since he joined in 2017, as well as the wider firm. As part of the Apex Group we have the backing of a global provider which enables us to share our knowledge cross-border. Jon’s relocation enables us to leverage his wealth of experience to replicate the success of Throgmorton in the UK, across the Americas. The Group’s longstanding global presence and its ever-expanding operations across the Americas provides us with an excellent platform from which to serve new markets and add further value to the Group’s capabilities on a global basis.”
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 an extensive range of services to asset managers, allocators and financial institutions. 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, bank account opening, depositary, custody and super ManCo solutions. www.theapexgroup.com
Throgmorton, an Apex subsidiary, delivers financial and administrative outsourcing solutions including accounting, tax, payroll, HR and company secretarial services to SME’s with a particular focus on alternative asset managers.
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Rosie Guest: [email protected] / 0203 961 1436
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