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Bill Prew, Indos Financial

INDOS reaches USD10 bn in assets under depositary

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The UK’s independent AIFMD depositary, INDOS Financial, has passed the milestone of USD10 billion of assets under depositary, just seven months after it passed the USD5 billion mark and within two years of launching. 

Bill Prew (pictured), CEO of INDOS Financial, says: “Passing USD10 billion of assets under depositary is another significant milestone for INDOS. We have seen growth across all segments of the business, including hedge funds, private equity and other closed ended fund structures, from clients that recognise the benefits of the depositary being independent from their fund administrator. We have an excellent pipeline of new business and expect further significant growth over the coming months.”

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