JTC has now completed the acquisition of INDOS Financial, following regulatory approval from the FCA.
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 Division.
As of 1 June, Indos Financial has now become a a JTC Group company, though the INDOS Financial brand will be retained to demonstrate the independence of its Depositary services under the Alternative Investment Fund Managers Directive.
Nigel Le Quesne, CEO of JTC, said: “We are delighted to officially welcome our new INDOS Financial colleagues to JTC... 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.”
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