Apex Clearing added former Morningstar executive Tricia Rothschild as president of the company, according to an announcement. Rothschild was chief product officer and co-head of global markets at Morningstar, where she worked for 26 years.
Rothschild will be bringing her experience of working with software, data, research and index offerings to Apex, according to the announcement.
“The opportunity to build for scale while ensuring that Apex’s employees and its customers are always front-and-center is extremely energizing,” she said in a statement. “The firm has a robust pipeline of leading-edge technology initiatives already in flight as it continues to shape the industry by reducing friction and enhancing the investor experience.”
Joining her will be Tom Valverde, a 27-year veteran of financial services. Valverde is now the general manager of Apex’s advisory division and comes with experience at Fidelity Institutional and Pershing. The role is a new position.
“The market wants a new and differentiated option, and Apex is all in,” he said in a statement. “This is the perfect time for us to focus on a multi-channel approach, with custody and clearing at our core, as we continue to see the shift toward consolidation within the advisory business and the firms that serve them.”
