Apex makes two hires for APAC private markets push

New appointments align with Apex’s continued commitment to growth across the APAC region.

By Wesley Bray

Apex Group has made two senior hires for its private markets and real estate fund services businesses, as it looks to accelerate its growth in the Asia-Pacific (APAC) region.

Andrea Gallenca will take on the role of head of private market sales, Australia and brings more than 18 years’ experience in the private funds industry, with a focus on fund administration, trust and corporate services.

Before joining Apex, Gallenca acted as head of sales at Alter Domus Australia where he built and managed multi-service and -jurisdictional relationship with clients across APAC and EMEA. He was also a director of global business development at TMF Australia.

Apex has also hired Prakash Kharel as head of real estate APAC. Kharel joins Apex in Singapore from Revantage Asia, the corporate services affiliate of private equity giant Blackstone, where he acted as head of finance. He also previously held senior finance roles at JLL in Sydney and Singapore.

Apex’s presence has grown rapidly in Asia with over 190 employees and over $40 billion in regional assets under administration.

“Asia’s private markets, including real assets have continued to mature, supported by several new and updated onshore fund structures introduced over the last year,” said Valerie Mantot-Groene, head of APAC at Apex Group.

“As service providers, we must be equipped with the best talent in the market to deliver our single-source solution to meet the increasingly sophisticated service requirements of our clients. We look forward to working with Andrea and Prakash, who join at an exciting time for our business in the APAC region as we grow our locally delivered financial services offering.”

The appointments follows Apex’s successful bid for Australian fund administrator Mainstream Group. Over the past year, its recent hires for the region include Debbie Lee as country head for China and Claudia Bolanos as head of corporate services for APAC.