Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Bill Prew

20512

JTC and INDOS partner up

RELATED TOPICS​

JTC, the multi-jurisdictional, independent provider of institutional and private client services, has formed a partnership with INDOS Financial in order to provide an independent depositary solution for its alternative fund clients. 

The partnership means that JTC’s range of private equity, real estate, hedge, infrastructure and other alternative fund clients will now have access to a specialist depositary, which can help managers meet the requirements of the EU Alternative Investment Fund Managers Directive (AIFMD) and deliver an additional level of oversight that is independent from the fund administration service.
 
UK-based INDOS Financial specialises in providing independent AIFMD depositary services to alternative investment funds and was the first FCA-authorised AIFMD Depositary in January 2014. It currently provides depositary services to over 50 funds that have over USD9 billion in assets. Its clients include EU and non-EU managers managing a broad range of open and closed ended alternative investment fund strategies.
 
Bill Prew, (pictured) CEO of INDOS Financial, says: “We are delighted to be working with JTC to provide an independent depositary solution to their clients. Managers and investors are increasingly recognising the value of an independent depositary model. By working closely with JTC we have been able to implement an efficient model that minimizes the operational impact on the client but at the same time delivers the benefits of independence from the fund administrator.”
 
Stuart Pinnington Group Head of Institutional Client Services, at JTC, says: “Whilst immediately following the introduction of the AIFMD, managers might have appointed a depositary affiliated to a fund administrator, they are now armed with significantly more practical experience and are actively revisiting their depositary arrangements. In particular, there is undoubtedly a preference amongst investors for genuine independence between the depositary and the administrator. In response to this demand, we are delighted to have formed this partnership with INDOS, who are a leading player in the depositary space and will provide significant value for our alternative fund clients.”

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by