Wealth technology leader InvestCloud announced the expansion of its APL leadership team with the appointment of Josh Mayer to the newly created role of Chief Operating Officer. Mayer will report to APL President Cheryl Nash.
Mayer will oversee strategic expansion and service delivery across all of APL’s offerings like delivering the company’s new Private Markets Account (PMA) for managing public and private assets from a single, unified managed account on the InvestCloud APL platform. The APL managed accounts platform is the largest in the U.S., powering over $3 trillion of assets on the platform across nearly 10 million accounts utilizing nearly 4 million investment models.
With over 25 years of business and WealthTech leadership, Mayer has a proven track record of building and scaling enterprise platforms, leading business transformation, and architecting complex technology infrastructures. Mayer was most recently COO of Envestnet, where he played a central role in guiding the company through its IPO. He is credited with designing and transforming one of the largest fintech operating environments in the industry.
With the recent introduction of InvestCloud’s Private Markets Account and the Private Markets Account Network, APL is powering unprecedented access, efficiency, and innovation for private markets.
Beyond the private markets, InvestCloud’s APL business continues to deliver high-demand features and broaden its reach to serve an expanding client base. And the appointment of Mayer, with his track record in platform scaling and operational transformation marks an inflection point in APL’s growth and long-term strategy.
KEY QUOTES:
“The expansion of our leadership team marks a major milestone for the APL business as we continue to shape the future of managed accounts. Josh brings deep industry knowledge, expertise, and experience to InvestCloud at a time when we are uniquely positioned to lead a new era of investing. He will play a pivotal role in enabling our clients’ success, including the ability for wealth managers and advisors to seamlessly blend private and public market securities within a single unified portfolio. No other platform is better equipped than APL to deliver this industrialized innovation at scale, and Josh will be a key part of the team driving operational excellence and success for our clients.”
– Cheryl Nash, President, APL
“APL is a key element of our vision to enable a smarter financial future in wealth technology, and Josh brings added insight and expertise to InvestCloud as we continue to drive innovation across our platform by enabling a seamless experience for private and public investments. We are thrilled to welcome Josh to the team.”
– Jeff Yabuki, Chairman and CEO of InvestCloud
“APL is a high-quality data and information governance platform that is uniquely powering innovation. I’m energized by the team’s commitment to elevating this time-tested platform as we define and develop the industry standard for private asset management infrastructure. I look forward to building on InvestCloud’s legacy of WealthTech innovation as we enable new opportunities and success for our clients.”
– Josh Mayer
