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  3. INDOS Financial selected for AIFMD depositary services
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INDOS Financial selected for AIFMD depositary services
30 October 2020 London
Reporter: Becky Bellamy

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INDOS Financial has been appointed by Triple Point Energy Efficiency Infrastructure Company to provide Alternative Investment Fund Managers Directive (AIFMD) depositary services.

Triple Point Energy Efficiency Infrastructure Company is an investment trust which was admitted to trading on the specialist fund segment of the London Stock Exchange on 19 October.

The company will invest in a diversified portfolio of energy efficiency assets in the UK, which have a positive environmental impact.

Its investments will focus on the core sectors of low carbon heat distribution; social housing retrofit and industrial energy efficiency; and distributed generation.

Commenting on the appointment INDOS Financial CEO, Bill Prew said: “We are delighted to extend our relationship with Triple Point Investment Management by providing depositary services to the company. The appointment marks a new milestone for INDOS, becoming our fifteenth London Stock Exchange-listed client and taking the value of listed funds under our oversight above £2.5 billion.”

Jonathan Parr, partner and head of energy at the company’s investment manager, Triple Point Investment Management, added: “The INDOS team have done an excellent job setting up the depositary services to support our new launch, and we look forward to our continued relationship.”

In September, INDOS Financial called on the European Securities and Markets Authority (ESMA) to address a number of omissions in the EU’s Alternative Investment Fund Managers Directive (AIFMD).

Prew explained that after multiple reviews and industry consultations on the directive, “progress on AIFMD has been scant”.

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