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  3. Former Investec Bank executive joins Apex in newly created role
People moves news

Former Investec Bank executive joins Apex in newly created role


19 April 2021 UK
Reporter: Maddie Saghir

Generic business image for news article
Image: Alistair Stuart
Alistair Stuart, formerly of Investec Bank, has joined Apex Group, a global financial services provider, in a newly created position as head of digital banking.

In his new role, Stuart will lead planned enhancements to the European Depositary Bank (EDB) Digital Banking platform throughout 2021.

EDB is already a provider of traditional banking, depositary and custody services to institutional investors, asset managers, management and administration companies.

At Investec Bank, Stuart served as chief operating officer and worked on a number of key digital initiatives including building their new digital savings proposition.

Having worked in a number of financial services companies around the world, Stuart brings over three decades of experience in the banking industry. He has held senior operational roles at international banks including Lloyds Banking Group, Westpac Group and RBS.

Apex has also further enhanced its digital banking team with the hires of Ankit Shah as head of digital banking business development and Neale Croutear-Foy as chief technology officer, digital banking.

Shah joins from QIC Global (part of Qatar Insurance Company) where he was most recently head of investments and treasury.

With more than 15 years of work in the financial services industry, Shah brings experience in treasury, banking, investment management and fund operations.

Prior to QIC, Shah held various roles at AXA Investment Manager, UK Capital Investments Group and Grant Thornton.

Meanwhile, Croutear-Foy was most recently head of mobile banking management and customer and acquisition journey development at First Abu Dhabi Bank.

Croutear-Foy brings decades of experience in leading the implementation of technology and regulatory strategies at international banks and financial services companies including roles at J.P. Morgan, UBS, Nomura and HSBC amongst others.

Peter Hughes, CEO and founder, Apex Group, comments: “Alistair Stuart, Ankit Shah and Neale Croutear-Foy bring an impressive track record of implementing successful digital banking strategies and we look forward to sharing more news in the coming months on the launch of our digital banking platform which forms part of our single-source solution and will herald a significant shift in the way asset managers approach and undertake their corporate banking.”

Apex also recently hired Debbie Lee, formerly of TMF Group, as country head, China for Apex.
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