“We are very pleased to announce the acquisition of Segue, which is a high quality addition to our strategically important and fast-growing US business," says Nigel Le Quesne
Dupuy will lead INDOS Financial’s outsourced AML officer team with responsibility for the team which provides AML officers to funds domiciled in the Cayman Islands, Ireland and Luxembourg
More than 50 employees, including INDOS Financial founder and CEO Bill Prew and his senior management team, have become part of JTC’s ICS division, with INDOS Financial becoming a JTC Group company
The move will enhance JTC’s employee benefits offering, and expand a service line that has “good growth potential” due to market trends that support the increasing adoption of employee benefit programmes
“If going offshore is part of your fund strategy, JTC is the perfect partner. Our organisation is built for a fund to raise and deploy capital all over the world," says JTC's Michael Richards
The acquisition will see all INDOS’ 52 directors and staff in its London, Fareham and Enniscorthy offices join the institutional client services division of JTC and will become shared owners in the business