European Depositary Bank, part of the Apex group, has appointed managing directors Jean-François Thils, and Robert Steele (photo) as members of the executive management board.
David Rhydderch steps down from the EDB board and has been appointed as global head of financial products and managing director, Emea for the wider Apex Group.
Thils and Steele join EDB chief executive David Claus and managing director Holger Barth as board members. EDB, part of the Apex group, provides depositary services in Europe for regulated Ucits and alternative funds and holds more than 160 billion dollars assets under depositary.
Strengthening governance
“The additions of Jean-François and Robert will help us to strengthen our governance structures and constantly improve client service and experience, including the technology platforms we use to deliver agile solutions to meet client needs,” said Claus in a statement.
The appointments follow the acquisition of Netherlands-based provider of depositary services Darwin Depositary Services, the appointment of David Claus as CEO of EDB, and the roll out of digital banking services for institutional clients, Apex said.