Latest acquisition to complement JTC’s existing global fund administration capabilities

San Jose, CA, Feb. 23rd, 2021 – Global fund administrator JTC Group announced the acquisition of INDOS, an industry-leading specialist in the provision of depositary, ESG and AML oversight services for alternative investment funds.

INDOS is being acquired from its management team and a group of private shareholders. All employees, including INDOS founder and CEO Bill Prew and his senior management team, will join JTC, becoming part of the Institutional Client Services (ICS) Division. The transaction is subject to FCA regulatory approval and is expected to be completed by the end of Q1 2021.

As of December 2020, INDOS’ client assets under depositary oversight were $35 billion and AML officer clients represented $11 billion. INDOS has grown organically since inception and now employs over 50 highly qualified staff across three office locations in Ireland and the UK. It has a high quality, diverse client book of leading UK and international alternative asset fund managers.

“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 that their deep expertise, commitment to service excellence and proven ability to innovate and grow makes INDOS a great addition to the JTC platform,” said JTC CEO Nigel Le Quesne.

“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,” said Bill Prew, CEO of INDOS. “We share much of our cultural DNA with JTC and their focus on clients, innovation and technology mean that we are very excited about our future as part of the Group. I am also delighted that all members of the INDOS team will become shared owners of JTC.”

Read the full press release here.

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