Apex appoints former KPMG partner to drive US private equity sales

Emmanuel Tuffuor will help develop both Apex’s private equity administration offering in Northern America and build out its tax service capabilities globally.

By Joe Parsons

Apex has hired Emmanuel Tuffuor as head of private equity business development for Americas and global head of tax, in an effort to build out sales in the region for both business lines.

Tuffuor joins the fund administrator from KMPG where he was a partner for 21 years. While at the consultancy he drove significant growth as the partner-in-charge of the alternative investment tax practice.

He will be responsible for developing both Apex’s private equity administration offering in Northern America, as well as building out its tax service capabilities globally.

“We have substantially built-out the team across the US over the past six months and have a genuinely impressive group of seasoned professionals covering the Americas,” said Fred Jacobs, chief revenue officer, Apex Group.

“Emmanuel’s unrivalled tax and advisory experience adds another level of authority to our capabilities and combined with the expertise of the rest of the US team, we now present Apex to the US market at a new level.”

Apex reshuffled its private equity leadership earlier this year after it completed the integration of Deutsche Bank’s Alternatives Investment Services division. The private equity fund administration division is now led by Melanie Cohen, who previously served as global head of private equity and real estate fund services for the German bank.

In June, Apex agreed to acquire private equity fund administrator Ipes in a deal that will add $165 billion of assets under administration.

“Emmanuel has represented clients across all fund types and is a great fit for Apex at this time due to his significant experience with the acquisition process through his involvement with KPMG’s acquisition of Rothstein Kass. He will be a valuable asset to both the US and Global teams and we are delighted to have him on board,” added Jacobs.