JTC, the C.I.-based administrator, has announced plans to acquire INDOS, a provider of depositary, ESG and AML oversight services for alternative investment funds. INDOS employs >50 staff across three locations in Ireland and the UK. All employees, including INDOS founder and CEO Bill Prew and his senior management team, will join JTC. The transaction is subject to FCA regulatory approval and is expected to close by the end of Q1 2021.
