JTC completes acquisition of INDOS Financial

Posted: 01/06/2021

Nigel Le Quesne_JTC_mar20Following regulatory approval from the Financial Conduct Authority, JTC has completed its acquisition of INDOS Financial, which was announced in February.  

According to JTC, the acquisition builds on the group's fund services capabilities. It will allow it to offer enhanced governance and technical expertise to clients, drawing on INDOS’ experience providing fund oversight services including depositary, ESG, anti-money laundering and Cayman Islands private funds. 

The INDOS Financial brand will be retained and used to demonstrate the integrity and independence of its depositary services under the Alternative Investment Fund Managers Directive. 

More than 50 employees, including INDOS Financial founder and CEO Bill Prew and his senior management team, have become part of JTC’s Institutional Client Services division, and INDOS Financial has become a JTC Group company. 

JTC CEO Nigel Le Quesne (pictured) commented: “INDOS is an important strategic addition to JTC, underpinned by a mix of expertise, commitment to service excellence and a proven ability to innovate and grow the business.

"We look forward to realising the benefits that this acquisition will bring to our clients in the near future and to providing INDOS clients with a richer suite of global services and the full backing of the JTC Group.”


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