Apostle hires first COO

Apostle Funds Management has hired Eric Chu as its first chief operating officer.

Chu would join Apostle from Fundhost where he was chief operating officer and he had also worked at hedge fund administration specialist Custom House Global Fund Services.

This covered experience with multi-class unit trusts, investment operations, compliance, statutory reporting and year-end operations, among others.

This was a newly-created role for the firm, which was set up in 2008.

Apostle managing director, Karyn West, said: “We are focused on the future of investing and believe you can create positive real-world outcomes without sacrificing financial returns. This newly created role in the organisation helps us realise this vision as we look to manage our future growth. We have a strong pipeline of products that offer tailored solutions for our clients as we continue to expand our offering.

“Eric will be working with the whole team covering all aspects of compliance and operations. His knowledge and experience will be catalytic for the growth of our organisation.”

Chu added: “I am pleased to be working with an organisation that is future focused and aligns to my values. Apostle Funds Management are pioneers within the impact investing space and are primed for exponential growth. It’s an exciting time to become part of the AFM journey”.