Stephen CuUnjieng has joined the board of Apex Treasury Corp, marking the first time a Filipino has held an independent director role on a US-listed board twice. CuUnjieng previously served on the Nasdaq-listed AvePoint board from 2020 to 2022.

The 66-year-old brings decades of experience in Asia’s banking and investment sectors, including leadership positions at Macquarie, Merrill Lynch, and as CEO of Evercore Asia. He currently serves as Lead Independent Director of First Philippine Holdings Corporation and as Investment Committee Chairman of the Maharlika Investment Fund since July 2025.

At Apex Treasury, a $340-million special purpose acquisition company, CuUnjieng will join the Audit and Compensation Committees and is considered an independent director under Nasdaq rules. He will serve until the company’s first annual shareholders’ meeting.

The board change follows the resignation of David Mikulecky on 9 March, who left without raising any concerns over company operations. Apex Treasury’s shares trade around $10, reflecting low volatility for the company’s $458-million market capitalization.

CuUnjieng’s appointment is expected to strengthen the company’s governance and strategic oversight. His experience with the Maharlika Investment Fund and regional investment boards is seen as an asset in guiding capital allocation and risk management as Apex Treasury navigates the US and Philippine markets.