Hedge fund administrator Apex Fund Services has tapped Credit Suisse vet Gordon Shaw as chief operating officer of the Apex Group.
Shaw was previously 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.
In his new role with Apex, Shaw will be responsible for increasing the use of Apex’s technology-based services including middle office functions, same-day NAV reporting and trading systems.
Said Peter Hughes, group managing director, Apex Fund Services, in a statement: "Gordon’s appointment enables Apex to expand and further develop our unique blend of highly personalized 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.
Apex has more than $24 billion under administration and over 320 employees in 20 countries.