NZ funds administration and wealth administration platform supplier, Apex, is searching for a brand new chief government following the resignation of present boss, Renée Tourell, for well being causes.
Tourell will formally end a 15-month stint as Apex Funding Administration chief on the finish of November, based on a notice despatched to purchasers final week.
She changed Vedran Babic on the helm of MMC in August 2022 simply because the agency rebranded below the colors of latest proprietor, the worldwide funding admin enterprise, Apex.
Beforehand, Tourell served as MMC chief working officer from April 2021.
Within the shopper assertion, Apex NZ group head, Anthony Edmonds, stated Tourell was instrumental in “efficiently steering the corporate as we transitioned to being Apex”.
“She has continued to keep up the vitality and excessive requirements essential to run Apex Funding Administration even whereas present process therapy for breast most cancers throughout the previous couple of months,” Edmonds stated within the notice. “Nevertheless, with some reluctance, Renée has determined to resign with a view to give attention to restoration and to spend extra time along with her household.”
He stated the seek for her substitute was underway with each inner and exterior candidates more likely to be within the body.
“It has been an honour to guide the Apex Funding Administration enterprise in NZ. I’m grateful to have had the chance to work with such a hardworking, devoted and dedicated workforce,” Tourell advised Apex workers. “The individuals and the workforce spirit are the true spine of this enterprise and the explanation for its success. I’m extraordinarily happy with what we’ve achieved collectively and have cherished working with the workforce and our purchasers.”
The Apex funding admin arm, which incorporates the adviser-focused wealth administration platform previously often known as Aegis, boasts greater than $100 billion in property below administration. In addition to performing fund back-office duties for a lot of native funding managers and KiwiSaver suppliers, Apex additionally moved into the custody enterprise a number of years in the past.
The Bermuda-based Apex Group purchased MMC on the finish of 2021, including the Wellington fund-hosting agency, Applied Funding Options (IIS), final September in a deal that included the direct-to-consumer funding platform, InvestNow.
IIS chief, Anthony Edmonds, was named head of the Apex NZ group this July.
The Apex NZ admin division headed by Tourell sports activities a head-count of about 160 whereas IIS (rebranded as FundRock NZ) and InvestNow add an additional 30 or so to the overall.
A number of senior MMC workers have left Apex NZ publish the takeover together with co-founder, Tom Reiher, final June and chief transformation officer, Chris Watson, in November of the identical yr.