Apex appoints new global head of real estate fund administration

Apex stated the appointment accentuates its global intent, and will help strengthen its client-centric and globally connected technology solution.

By Joe Parsons

Apex Group has recruited Michael Sheahan as its new global head for real estate, as the firm continues to bolster its real estate services business with new technology solutions and industry veterans.

Sheahan joins Apex from Vistra where he was global sector lead for the real estate business, and also doubled as country managing director for Luxembourg. He also served as a consultant for M&G’s outsourced real estate fund operations, and spent six years at Citco within its real estate and private equity division.

Based in London, he will report to Srikumar T.E, global head of fund solutions.

“We have placed real focus on ensuring we have the most talented people in the industry to lead, develop and evolve our product roadmap as we continue to expand. Mike has an impressive real estate track record and we are delighted to welcome him to the team, bringing both buy-side and sell-side insights to enhance our client experience and further develop our real estate service offering,” said Srikumar.

Apex Group’s recent mergers and acquisitions have helped it build a significant private markets and real estate business, with the division overseeing $300 billion in assets under administration.

The Group also dominates in the REIT (real estate investment trust) space in the Middle East. Apex said the appointment of Sheahan accentuates its global intent for the business, and will help strengthen its client-centric and globally connected technology solution.

In February, Apex partnered with FinTech firm Yardi to make available Yardi’s ‘Voyager’ platform to all Apex real estate clients with either direct property investments or property investments via special purpose vehicles.

“Apex is doing exciting things in the real estate servicing space, its connected technology platform alone is a game-changer for real estate managers and investors. I’m excited to be part of a business that is leading the way in innovation while successfully delivering on its ambitious growth trajectory,” added Sheahan.