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Industry Spotlight > Clearing and Custodial Firms

Apex Reshuffles Management, Rothschild Departs

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What You Need to Know

  • Tricia Rothschild is leaving her role as president of Apex Fintech Solutions, the parent of Apex Clearing, ahead of the firm's expected IPO.
  • Andy Lientz and Lindsey Becker are joining Apex in C-level roles.
  • Chief Administrative Officer William Brennan is taking on more leadership tasks.

Apex Clearing’s parent company has restructured its executive leadership ahead of its anticipated $4.7 million initial public offering

Apex Fintech Solutions President Tricia Rothschild “has decided to leave [the firm] to pursue other opportunities,” according to a statement released a week ago. Before coming on board Apex in July 2020, Rothschild worked at Morningstar for nearly 27 years in executive and other roles.   

Apex Chief Administrative Officer William Brennan is taking on more leadership tasks, such as the management of operations, risk sales and client services, the firm says. Also, Andy Lientz and Lindsey Becker are joining Apex as chief technology officer and chief marketing officer, respectively.

Lientz has over 20 years of technology experience, including work at Google and Microsoft. Becker has been in the marketing business for about 15 years and previously was vice president of marketing at Nasdaq.

“We are thrilled to welcome Andy and Lindsey to the firm and for Bill to take on increased responsibilities within the organization, as we continue to lay the groundwork for long term success,” according to CEO Bill Capuzzi. “We thank Tricia for her contributions to Apex and wish her well.”

Apex said in late February that it was working with Northern Star Investment Corp., a special-purpose acquisition company, to become a publicly listed company in the third quarter.

At the time of its announcement, its digital custody and clearing platform had about $100 billion in assets under custody and had added $14 billion in new assets and 3.2 million accounts in early 2021, including over 1 million new crypto accounts.

See: Apex Clearing to Go Public via SPAC