INDOS Financial is pleased to be included in this year’s FT 1000 rankings of the fastest-growing companies in Europe, the second consecutive year that INDOS has featured in this annual study. The FT 1000 lists the European companies that achieved the highest compound annual growth rate in revenue between 2016 and 2019. INDOS is one of just 21 Financial Services businesses in the list. The full listing can be found here.

INDOS Financial, the industry leading specialist in the provision of Depositary, ESG and Anti-Money Laundering (AML) oversight services has announced its forthcoming acquisition by JTC plc, the global provider of fund, corporate and private client services. JTC is a FTSE 250 listed company (www.jtcgroup.com).

All INDOS’s 52 directors and staff in its London, Fareham (Hants), and Enniscorthy (Ireland) offices will join the Institutional Client Services Division of JTC, and will become shared owners in the business. The transaction is subject to FCA regulatory approval and is expected to complete by the end of March.

Bill Prew, CEO, INDOS Financial said: “This transaction comes at a perfect time for INDOS and will enable us to continue to invest in and develop our range of services and the markets in which we operate for the benefit of our clients. With JTC, we have found a partner that shares our passion to deliver market leading fund oversight services that enhance fund governance, add value and consider and protect the interests of fund investors.

“Having grown organically since 2012, we understand what it takes to create value through building long-term client relationships based on service quality and expertise,” Bill Prew continued. “We share much of our cultural DNA with JTC and our common focus on clients, innovation and technology mean that we are excited by our future as part of the Group.

“Our success to date would not have been possible without the support and contribution of our outstanding team and I am therefore delighted that all members of the team will become shared owners of JTC.”

Nigel Le Quesne, CEO, JTC, said: “INDOS is a business of real quality which operates in a strategically important part of the fund services market. Having collaborated with Bill and the team several times, it is clear their deep expertise, commitment to service excellence and proven ability to innovate and grow makes INDOS a great addition to the JTC platform.

“The transaction also adds further scale in Ireland, a priority market for the Group, and the UK where our London team has more than doubled in size over the last 18 months due to client demand. We offer a warm welcome to our new colleagues and are excited to bring the benefits of the acquisition to existing JTC clients and to providing INDOS clients with an even richer suite of global services and the full backing of the JTC Group.”

INDOS Financial was advised by Key Capital in relation to corporate finance matters and Tughans in relation to legal matters.

About INDOS Financial 

Founded in 2012, INDOS has grown to become recognized as a provider of industry-leading solutions within the fund oversight and depositary service space. As of end-2020, client assets under depositary oversight had grown past $35 billion and a further $11bn which form part of  INDOS AML (Anti-Money Laundering) officer services. INDOS also provides a range of Environmental, Social, Governance (ESG) services for asset managers and their funds.  (www.indosgroup.com)

On the 1^st February 2021, Emmet Jackson, Risk and Governance Director at INDOS financial, celebrates his work anniversary of 5 years of service in the INDOS Team. Find out about Emmet’s time at INDOS so far below.

Since joining INDOS in 2016 I’ve had the opportunity to work in our Irish office on the Depositary side of the business before transferring to London to take up my current role as Risk & Governance Director. One of the many positive aspects of this role is I get to interact which pretty much everyone across our 3 offices, which until COVID-19 meant regular on-site visits to each office. Outside of Risk & Governance I’m also responsible for IT oversight and in house system development.

In the time I’ve been with INDOS we’ve increased not only the number of staff and office locations but also the number of service offerings we provide. This to me demonstrates the importance that fund managers and the wider financial community place on a dedicated independent oversight model. 

More recently however, I’ve been proud to work for INDOS, seeing how, as a firm we have tackled the immense challenge posed by COVID-19 in ensuring not only the health and safety but overall wellbeing of all staff throughout the pandemic. 

In 2019 INDOS Financial became a Carbon Neutral company. We are pleased to announce we have renewed this certification for 2020 and now been certified as a Carbon Reduced Company.

2020 calculations show a reduction within our overall emissions compared to 2019, despite the voluntary inclusion of Scope 3 emissions.  As mentioned in a previous article here, working from home emissions falls into Scope 3, making its inclusion within the calculation voluntary. We look forward to helping more companies within the investment industry calculate their own footprint and obtain certification as part of their ESG journey.

This week, Victoria Gillespie, Head of ESG Services at INDOS Financial featured in Portfolio Adviser’s latest article: What’s on the horizon for ESG investing in 2021?

Victoria comments on how the SFDR will require all asset managers to publish policies on their website outlining how sustainability risks are integrated into their investment decision making processes.

You can read more of the article by visiting: https://portfolio-adviser.com/whats-on-the-horizon-for-esg-investing-in-2021/