Home Marketing officer Apex’s Tricia Rothschild resigns after 1 year

Apex’s Tricia Rothschild resigns after 1 year

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One of the women leaders in wealth tech, Tricia Rothschild, has resigned as president of Apex Fintech Solutions, an API-based alternative to traditional custodians, according to a company announcement.

Rothschild made a low-key exit from the company as part of a company press release earlier this month on Apex’s additions to the helm, including the arrival of Andy Lientz and Lindsey Becker as chief technology officer and chief marketing officer, respectively. More recently, under the leadership of Rothschild, Apex partnered with a leading media and fashion authority Joanna coles‘Special Purpose Acquisition Company Northern Star Acquisition Company to take Apex on the public market in a deal that places the combined company’s value at $ 4.7 billion.

Apex Chief Executive Officer William Brennan will assume an expanded leadership role in the absence of Rothschild, including managing operations, risk, sales, customer service, law, compliance and management. human ressources. Apex did not provide any details on whether the company was ready to hire a new president and did not respond to requests for comment.

“We are delighted to welcome Andy and Lindsey to the company and to see Bill take on increased responsibilities within the organization, as we continue to lay the foundation for long-term success,” said William Capuzzi, CEO of Apex. “We thank Tricia for her contribution to Apex and wish her the best of luck.”

The company noted that Rothschild had decided to leave Apex to pursue other opportunities, but it is not clear where Rothschild might go next. Prior to Apex, where she was President for a year, she was best known for her 26-year tenure at Morningstar where she was Product Manager.

Apex is expected to become a New York Stock Exchange listed company under the symbol APX in the third quarter. Wealth Tech was launched in 2012 as an API-based alternative to traditional custodians and has previously served as a custodian for companies like Wealthfront and Robinhood, two of the most successful fintech startups. The two companies have since left Apex to create their own custody platforms.

Apex currently has around $ 100 billion in custody, according to the announcement. Since the start of the year, Apex Clearing has retained $ 14 billion in new assets and serves over 200 clients representing more than 13 million client accounts, of which 3.2 million were opened in 2021 alone and over ‘one million new crypto accounts.

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