Apostle recruits first COO

Apostle Funds has appointed Eric Chu as its first chief operating officer,

Chu joins from Fundhost, where he spent nearly five years in a similar position.

The new recruit began his career in funds accounting at hedge fund administration specialist Custom House Global Fund Services,  before moving to middle and back-office functions with Link Fund Solutions, formerly White Outsourcing.

At Link, he had oversight of daily deliverables and reviewed distributable income calculations and BAS for managed investment funds.

Chu's breadth of experience spans multi-class unit trusts, investment operations, compliance, and unit registry, Apostle said.

The fund noted his expertise in statutory reporting, tax distributions, client transactions, AFSL requirements, and year-end operations.

"This newly created role in the organisation helps us realise this vision as we look to manage our future growth," said Apostle managing director Karyn West.

"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. We look forward to Eric's contribution to help grow the team and the organisation," she said.

Commenting on his appointment, Chu said Apostle are pioneers within the impact investing space and primed for exponential growth. "It's an exciting time to become part of the journey."

The appointment comes as Apostle launches three of its own funds.

The first fund to launch was the Apostle People and Planet Diversified Fund back in March with $100 million in assets under management.

Two more funds will be brought to market in the second half of the year.