The company was founded by Peter Hughes in Bermuda in 2003. The financial crisis continued with the Madoff investment scandal breaking in December 2008, when Bernie Madoff admitted the wealth management arm of his business was an elaborate Ponzi scheme, and Anglo Irish Bank chairman Sean Fitzpatrick and David Drumm resigning following the revelation of details of the scale of the bank's own troubles. message, please email Digital banking services expanded at Apex - Royal Gazette While the industry adapted to deal with the global pandemic, there have been several changes in the mindset of the workforce as well. Apex Fund Services founder Peter Hughes has stepped down as chief executive officer after running the company for ten years.Apex today named Bill Salus as the new man at the helm, with. In June, global growth private equity firm TA associates completed a significant minority investment. With a family history in the cattle business dating back to 1872, he's also happy to have his name on the Rich List. It was all about visibility both online and in person.. impacto negativo del internet en la cultura peter hughes, apex net worth. You will receive email updates when this company's information changes. CATCO REINSURANCE OPPORTUNITIES FUND LTD. With the onset of technology, changing behaviour, and the growing awareness amongst the investor community, the industry is changing rapidly in this short podcast, Peter succinctly helps us make sense of all this. Apex Group appoints former Investec Bank executive in trio of digital And Ive known the previous management - before they became public - so Ive had a respectful, competitive position against them.. I had a personal connection to Bermuda having been here for a few years at that point. English-born Peter Hughes has a not-for-profit eco-lodge in South Africa, to protect the environment and preserve endangered species. Did the lock downs, disruptions and dislocations hurt business? The current geopolitical situation with China is not our preferred outcome as this market is almost our biggest and overall highest-value beef destination, Lee says. Ireland is known for a lot of things Guinness, leprechauns, the Celtic Tiger but in financial circles hedge funds are the words on everyone's lips. "I have been building our vertically integrated business model for over 50 years and it remains an absolute passion of mine and my family," he says. Peter Hughes's estimated net worth, monthly and yearly salary, primary source of income, cars, lifestyle, and much more information have been updated below.Let's see, how rich is Peter Hughes in 2021? I was still relatively young at that point and nowhere near considering retiring or anything like that and so it made sense to bring in another private equity group to really try and scale the business further. You must be logged in to post or view comments with Disqus. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de NCL sinks to a first-quarter loss of nearly $160m, Foundation launched to promote economic growth, Burt: fintech executives are not coming to Bermuda to see inside of Westgate, Tears and applause as Alaska Hall is renamed for longtime MP, Man denies importing $219,000 worth of cannabis, Charity very open to name change, says president, OBA repeats call for Rabains resignation, Protesters present 4,000 name petition against hotel SDO, Police appeal for information on disappearance of Chavelle in 2020, Dunkley: Emergency room waiting times are unacceptable. 2023 Apex Group Ltd. All rights reserved. So, how much is Peter Hughes worth at the age of 97 years old? Aydanos a proteger Glassdoor verificando que eres una persona real. Live from London, tracking the breaking and top business news stories in the lead-up to the opening of European markets. 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Peter Hughes - Fintech Finance He is from UK. Its actually quite a thoughtful process behind it, where each one adds value to whatever else is already there. Ive always wanted to do a transformational acquisition, Peter told us. He is a fellow of the Institute of Chartered Accountants in England and Wales. Peter Hughes (Peter Clowe Hughes) was born on 20 May, 1922 in London, England, UK, is an Actor. They reflect on the highs and lows of 2021 as Peter sees them, what it's like to lead a global business through a pandemic, his vision for the future of financial services and an insight into what makes him tick as a CEO. Australian cattle prices are now the highest in the world among major producers. Peter told us he is passionate about such things and sees value in also working with asset managers and re\insurers towards a common cause, beneficial to the environment and social governance. They are making their presence felt but they shut one processing plant and leave others open, he says. APEX FUND SERVICES (UK) LTD - Company Check Carbon neutral Apex could be a pioneer - The Royal Gazette After the departures of Ulster Bank and KBC Bank, whats left for Irish consumers? envie um e-mail para There are clearly two cattle markets at the moment, Lee says. Net Worth. And they dont just want to be the biggest. It was a challenge to be able to move to remote working, working from home. And its going to be a decision youre going to make, knowing its going to be wrong for some people. Apex, with AUA of around $23 billion, is about 30 times smaller than Citco. peter hughes, apex net worth They go directly to the person looking after their account or their teammate. There were rioters outside the office and staff were concerned. Since 2003 we have been focused on evolving our business to deliver more and better services to clients, no matter where they are in the world. What should happen to the Fairmont Southampton SDO? Additionally please clear both your browser's cache and cookies -. You must be Registered or Signed in to post comment or to vote. Catch Peter Hughes, Founder and CEO, of Apex Group in conversation with Chief Marketing Officer, Rosie Guest. EDB's digital banking platform offers a tailored solution for asset managers and SPVs, family offices, corporates, trusts and ultra high net worth individuals, delivering greater time, resource . "We have more people doing real accounting work in more places than any other administrator," says Peter Hughes, Apex's group managing director. vermont temporary registration out of state Top Bar. enva un correo electrnico a Peter retained a significant equity stake in the company, but he said Genstars arrival was great timing. To the contrary. It has been remarkable through this COVID period.. We took a 25 per cent drop in assets as well as a drop in revenue.. The march to world domination may be predicated on the simple formula of putting the client first and providing for them at the highest standard. 1200+ "Pete Hughes" profiles | LinkedIn And particularly then, it was servicing funds, as well as the insurance side. peter hughes, apex net worth. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. So, its a very nice fit. Any time we needed to value a portfolio, we had to walk down to the local HSBC and use their Bloomberg machine, Bohan says. At the time, the company's core business involved the provision of fund administration solutions, but it branched out, launching an investment management arm in November 2008 to provide services to both offshore, unregulated and onshore, regulated funds. They all wanted company cars and great gym memberships or they wouldnt work for us.. Simply enter your email address below and we will send you an email when the company files any documents or there is a change to their credit report. They provide fund services, digital banking, depositary, custody, super management company services, compliance solutions, corporate services, and a pioneering ESG ratings and advisory service for private companies. We have estimated Peter Hughes's net worth , money, salary, income, and assets. Peter Hughes founded Apex Group Ltd., Apex Group Ltd. (Bermuda) and Apex Fund Services Ltd. The restocker market for breeding cattle and young grower cattle is at price levels never seen before. I had a growth equity investor come into my business in 2011. Bohan attributes good staff, a code of accessibility and numerous offices worldwide to the companys success. About Peter Hughes When I founded Apex in 2003 my vision was to develop a business, valued by every single client, delivering a personal local service, on a global scale. Busy building a business, he still carved out time to help promote Bermuda as a destination for international business, travelling with the now defunct Bermuda International Business Association (BIBA) and others from the Bermuda market. His vision was to create a company that provides a suite of services enabling managers to grow while running their businesses more effectively and efficiently. Since 2003 we have been focused on evolving our business to deliver more and better services to clients no matter where they are in the world.. Bermuda's Apex rises to the top of global service providers We enacted our disaster recovery plan when Saudi starting sending tanks over to Bahrain. - Fund administration. los inconvenientes que esto te pueda causar. We are sorry for the inconvenience. Peter Hughes's income source is mostly from being a successful Actor. "Agricultural productivity remains a key economic driver for Australia and with meat processing now being our largest manufacturing industry, it remains both a significant employer and earner of foreign revenue from red meat exports.". Gina Rinehart is the nations cattle queen through Hancock Agriculture and her controlling stake in S.Kidman & Co. Rinehart is the nations cattle queen through Hancock Agriculture and her controlling stake in S.Kidman & Co. Hughes is cattle to the core and shares some of Rinehart's views on big government in Australia: "There's a new bureaucrat working on a new piece of red tape every day.". Things happen at a much slower pace at our offices there as a result, Bohan says. The interview: Peter Hughes - Features | blglobal.co.uk Genstar Capital, the California-based private equity firm, had a request of Peter Hughes after it took a stake in the Bermudian-based Apex Group Ltd in 2017. Observing inconsistencies was how Peter Hughes crystallised an idea to build a company, now transformed from a Bermuda-start-up to a study in international excellence. John Bohan: There have been so many pyramid schemes for investment. Despite being a hub for hedge fund administration, the majority of people including those who work in the Irish financial services sector dont fully understand how hedge funds work, according to Bohan. The Australian Country Choice owner has multiple properties across 2.4 million hectares of Queensland. 2, both own cattle stations and are passionate about the industry, where soaring prices are like an Akubra sitting on top of their immense iron ore earnings. Peter Hughes Net Worth His net worth has been growing significantly in 2020-2021. Peter Hughes, Apex Group Ltd founder and CEO (Photograph supplied) Apex Group Ltd, the Bermudian-based global financial services provider, has announced that it has offset its entire. Apex was founded in 2003. We quickly adopted the use of online media and SEO [search engine optimisation] so we could bring our company higher up in the results lists of internet search engines, writing lots of articles and speaking at lots of conferences. Peter Hughes, Board Director, Founder and CEO Linkedin Robert Grindlay, Global Chief Financial Officer Linkedin Srikumar T.E., Regional Managing Director - ASIA PACIFIC Linkedin Locations View all 1 location detected Arar, Northern Borders Province HQ Saudi Arabia Office 1105 Report incorrect company information Competitors and similar companies ACC is likely to bring forward and step up investment in its meat-processing infrastructure on the back of federal treasury incentives aimed at stimulating the economy. Apex founder Hughes steps down as CEO - Royal Gazette The Eastern Young Cattle Indicator hit a record 821.5 a kilogram this week, up from 501 a kilogram at the same time last year. We had low revenues coming in from the US and Europe and so had to rely more on emerging markets to grow the group. pour nous faire part du problme. This podcast does not a constitute investment advice or recommendation and you should consult with your financial and/or tax advisors before making any financial decisions. to let us know you're having trouble. We did around 125 flights a year in 2008-09 meeting lawyers, auditors and investment managers, and trying to drum up new business. They reflect on the highs and lows of 2021 as Peter sees them, what its like to lead a global business through a pandemic, his vision for the future of financial services and an insight into what makes him tick as a CEO. 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Some are very productive working from home.. "That will create a lot of additional business for us. Help using this website - Accessibility statement, Australian cattle prices are now the highest in the world among major producers, putting trade sanctions on other agricultural products. The Apex Group website uses essential and non-essential cookies to improve your experience of our website. To date, this division has $125 million in assets under management, with platforms in Bermuda, Cayman, Delaware US, Luxembourg, Channel Islands, Malta and Ireland. But the last 12 months have been really, I suppose, impactful in terms of the businesses weve been able to buy, and the scale weve been able to reach. Peter Hughes is CEO and Founder of the Apex Group, a global financial services provider employing nearly 5,000 employees across over 50 locations globally. I am a great barracker for the cattle industry. We had done incredibly well in a short space of time. Si vous continuez voir ce Apex Fund Services Wiki - everipedia.org All rights reserved. ACC is set to rebuild its herd through breeding and retention rather than buying cattle. His net worth has been growing significantly in 2022-2023. Australia's cattle kings and queens on top of the world There are 1200+ professionals named "Pete Hughes", who use LinkedIn to exchange information, ideas, and opportunities. In the two years since, it has opened offices in Miami, Guernsey and Uruguay. A bit of both, he conceded. He tells us: That really sets the framework to almost start again in terms of the journey of building the business and creating value and enhancing the offering for another four to six years. Peter said: Im keen to see if we can work with them more around screening their companies from the ESG point of view, so they can work out what the right level of premium there is, because ESG is a risk. para informarnos de que tienes problemas. In April 2011, Apex secured a $30 million capital commitment from FTV Capital in return for a minority equity stake, something which has helped with the expansion of the company. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Under his leadership the Group has expanded to deliver tailored . News: TA Associates Announces Investment in Apex Group Just this year, acquisitions were spread across nine countries, including GFin (Mauritius), FundRock (Luxembourg), Tzur (Israel), Mola-administration (Germany), GCG (US), ARM (Switzerland), Mainstream (Australia), Senasen (UK) and BRL Trust Investimentos (Brazil). We had just signed a lease for an office building in Dublin and hired lots of staff. Peter Hughes, Apex Group Ltd. founder and CEO, Published September 20, 2021 at 7:59 am (Updated September 20, 2021 at 7:30 am), 1. Peter Hughes is the CEO and Founder at Apex Fund Services. We benefited from that.. He is not dating anyone. Erica Brace (1959 5 February2019)( his death)( 2 children). Our Team | Leadership | Apex Group A lot of capital was being withdrawn from the markets in 2008 and there was a huge outcry for better regulation. Hughes is a rusted-on member of The Australian Financial Review Rich List, with his business fortune valued at $694 million this year, up from $506 million in 2019.