Apex Fund Services has hired fund administration veteran Fred Jacobs to a newly created chief revenue officer role, as it looks to increase its earnings following a period of acquisitions.
Jacobs joins from Fiserv Investment Services where he managed sales, relationship management and client service.
Over his 25-year career, he also helped build the alternative investment business development sales group at SS&C GlobeOp and PFPC/PNC.
“Fred’s extensive industry experience and standout contributions to the financial services space make him the ideal fit for this crucial role at Apex,” said Peter Hughes, founder and CEO, Apex Fund Services.
“As the Apex name continues to grow throughout the US, and as we continue to enhance our offering and expanding portfolio of clients on a global basis, the depth and breadth of Fred’s industry expertise will serve as an invaluable asset to the team.”
The creation of new role signals a focus to driving revenues for Apex after a year of deal making, which included Deutsche Bank’s hedge fund administration business and the Luxembourg-based asset management and servicing business of M.M Warburg & Co.
The appointment of Jacob’s will help fill the hole left by industry veteran Daniel Strachman, who previously led its US sales and business development team.