INDOS Financial Limited (“INDOS”), the UK independent depositary, has appointed Jon Masters to the new position of Head of Client and Business Development. Mr Masters had most recently been Head of Compliance at Sciens Group in London since 2014.
“Continued growth across all segments of our business, hedge, private equity, real estate and more recently full depositary, now means that INDOS has over 80 funds using our independent depositary services, with assets in excess of $15bn. We have therefore taken the decision to invest in senior client level service and business development to help support and continue to drive the business forward,” said Bill Prew, founder and CEO of INDOS.
“I have known Jon for several years and had the pleasure of working with him for six months earlier this year as he helped build out our full depositary business. I know he will be able to make an even greater contribution to the growth of INDOS in his new permanent role,” Mr Prew continued.
Jon Masters is a Chartered accountant with over 30 years financial experience. Jon qualified with Touche Ross before joining James Capel in 1988 where he worked in operations before becoming Head of Treasury, and helping establish the HSBC Investment Bank. In 1999 he moved to the Treasury Management team at Lehman Brothers where he was responsible for Network management and Cash management. In 2004 he joined the Executive office to focus on senior client relationship management, working under Xavier Rolet. The team focused on the firm’s top clients in the Asset Management sector, covering Hedge Funds and large Institutions. Jon moved to Northwood Capital, a hedge fund, and one of his clients in 2008 as COO, also specialising in compliance and risk management. Following the closure of Northwood, he joined Sciens Group as Head of Compliance, before moving to INDOS in 2017.