JTC COMPLETES ACQUISITION OF INDOS FINANCIAL

Following regulatory approval from the FCA, JTC has today completed the acquisition of INDOS Financial, as announced in February 2021.

INDOS Financial builds on JTC’s well-established fund services capabilities and will allow the Group to offer enhanced governance and technical expertise to clients, utilising INDOS Financial’s position as an industry-leading specialist in the provision of independent fund oversight services, including Depositary, Environmental, Social and Governance (ESG), Anti-Money Laundering (AML) and Cayman Islands Private Funds.

The acquisition forms part of JTC’s ongoing strategy of blending organic growth of the core business with disciplined inorganic growth that is governed by clear acquisition criteria and supported by a strong track record of successful integration.

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 (AIFMD). 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 (ICS) Division, with INDOS Financial becoming a JTC Group company.

Nigel Le Quesne, CEO of JTC, said:

“We are delighted to officially welcome our new INDOS Financial colleagues to JTC today. INDOS is an important strategic addition to JTC underpinned by a mix of deep expertise, commitment to service excellence and a proven ability to innovate and grow the business. We are looking forward to realising the benefits that this acquisition will bring to our clients in the near future and to providing INDOS clients with an even richer suite of global services and the full backing of the JTC Group.”