JTC Group Enters into a Definitive Agreement to Acquire Alternative Investment Fund Specialist INDOS
JTC Group Enters into a Definitive Agreement to Acquire Alternative Investment Fund Specialist INDOS
SAN JOSE, Calif., Feb. 23, 2021 /PRNewswire-PRWeb/ — 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.