INDOS Financial has been selected by Lijaro Asset Management to supply independent depository and anti-money laundering (AML) compliance officer services.
The services of Alternative Investment Fund Managers Directive (AIFMD) depositary and AML compliance will be administered to the new, Cayman Islands-domiciled VI Global Equity Fund which is managed by Lijaro.
Bill Prew, CEO of INDOS Financial, commented: “Despite the challenges of COVID-19 it is very much business as usual for INDOS as we continue to on-board new clients. We are delighted to be providing independent depositary and AML officer services to the Lijaro fund. The appointment highlights the continued importance being placed by managers and funds on a depositary model that is independent from other service providers of a fund.”
Fraser McIntyre, partner and COO at Lijaro Asset Management, added: “The INDOS team have done an excellent job setting up the depositary and AML officer services to support the fund launch, and we look forward to working with them in future.”
In a recent interview with Asset Servicing Times,Prew explained that while the industry has been readjusting priorities since the COVID-19 pandemic arrived, regulators have been equally busy.
