Apex Fund Services, an independent fund administrator, has appointed Daniel Strachman as head of US business development.

He will be responsible for driving US growth initiatives and deliver fund management customers with proactive fund administration solutions.

Strachman, who has over two decades of experience in financial services, held various roles at Cantor Fitzgerald & Company, and Morgan Stanley & Company.

He also led hedge fund consultancy A&C Advisors for 16 years delivering strategic guidance, counsel and support to investment management firms and institutional investors.

Apex Fund Services founder and CEO Peter Hughes said: “Daniel is a really important addition to our US team at this time and he brings with him unrivaled experience of the local asset management space.

“The appointment of such an experienced investment expert demonstrates our commitment to expanding Apex’s US market presence and providing clients with the best and most knowledgeable local support available. Daniel’s career speaks for itself and his background and subsequent knowledge base will help drive our North American presence forward as we continue to expand our local footprint.”