Fund Admin Firm Apex Adds Managing Director

Feb 24 2015 | 1:58pm ET

Apex Fund Services has appointed Dennis Westley as managing director, North America.
Westley will have responsibility for growing Apex’s North American operations and integrating potential acquisitions. Reporting directly to Apex’s 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. Prior to this he was a senior managing director and head of alternative investment services at PNC Global Investment Servicing.
“Dennis’ track record in growing businesses and building teams that exceed client expectations is second to none,” said Salus. “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.”
Westley added: “U.S. fund managers are increasingly realising 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.”

Apex has achieved 31% AUA growth over the last 12 months. The fund administrator now has over 1,000 funds, 450 clients and AUA of $34 billion, serviced in 34 offices worldwide.

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