22 April 2016: London
INDOS Financial, the UK independent AIFMD depositary, has been named Best Depositary Solution in the 2016 HFM European Hedge Fund Services Awards. It is the first time these prestigious annual awards have included a best depositary category.
INDOS won the award in recognition of its innovation as an independent depositary in a market otherwise dominated by depositaries affiliated to the fund administrator, exceptional client focussed service delivery and strong growth over the past 12 months. INDOS beat stiff competition from other shortlisted finalists including BNY Mellon, State Street and Deutsche Bank.
Collecting the award, Bill Prew, Founder and CEO of INDOS Financial, said “We are thrilled that INDOS has been recognised as the best depositary servicing the hedge fund industry. As the only specialist independent depositary in the market, the award recognises the inherent benefits of an independent solution that delivers value to investors, fund boards and managers. We would like to thank all our clients and other industry stakeholders that supported our application and our entire team for their incredibly hard work over the past year.”
About INDOS Financial
INDOS Financial specialises in providing independent AIFMD depositary services to alternative investment funds. INDOS was the first FCA authorised AIFMD Depositary in January 2014 and currently provides depositary services to over 50 funds that have over $10 bn in assets. Clients include EU and non-EU managers managing a broad range of open and closed ended alternative investment fund strategies ranging from hedge funds, to private equity, real estate and other closed ended funds.