Apex Fund Services has named Bill Salus as its new CEO with immediate effect. He replaces Peter Hughes, who becomes chairman.
Salus, based in the Apex New York office, will have a particular focus on continuing Apex’s success in the US market where he will lead Apex’s North American team.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Hughes, who founded Apex 10 years ago, as chairman will focus on building Apex’s Capital Introductory Service, which helps Apex clients access investor capital.
Hughes will also manage Apex’s largest clients as well as concentrate on the company’s growth strategy including acquisitions and targeting large institutional funds.
Salus, who has over 30 years of experience in sales, management and consulting in the investment and financial services industry, was previously managing director and business executive for BNY Mellon’s asset servicing organization.
Hughes said: "I am delighted that Bill has joined Apex, one of the most experienced people in our industry.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"I am looking forward to working with someone of Bill’s caliber and someone who shares the same values as I do: not just meeting but exceeding client expectations. I welcome him to the Apex team."
Salus also held senior positions at PNC Global Investment Servicing, KeyCorp, Security Pacific Bank and Bank of America.
