INDOS Financial Takes Assets under Depository to $5 billion

INDOS Financial, a U.K. independent AIFMD depository, has seen assets under depository reach $5 billion, 15 months after its inception.

After winning approval from the U.K. Financial Conduct Authority (FCA) in June 2014, its client base has grown to 35 alternative investment funds, with sizes ranging from $5million to $1.3 billion.

It has also established links with around 15 fund administrators and 12 prime brokers and custodians, and expanded its regulatory permissions to include safe-keeping of financial instruments for non-EU funds.

“Our growth reflects not only our increasing reputation but also the growing recognition across the industry of the benefits of an independent depositary solution,” says Bill Prew, CEO, INDOS Financial.

“Managers are increasingly looking for an independent service which adds value to their business and provides a genuine additional level of checks and balances”.