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Independent AIFMD depositary Indos Financial expands London team

Indos Financial, the UK’s only independent AIFMD depositary, is adding to its team with the appointment of Andrew Watson (pictured), a chartered accountant with over 14 years experience within the private equity and financial service industry.

Watson joins INDOS Financial’s London office and will manage the firm’s growing private equity and real estate depositary business.

Watson started his career in 1999 with PricewaterhouseCoopers working across a variety of Banking and Capital Markets clients. In 2003, Andrew joined the European private equity team at Bank of America as Financial Controller which later became Argan Capital, an independent European mid-market private equity fund. At Argan he had a wide range of responsibilities including compliance, tax and accounting. In 2011 Andrew moved to Belfast to take up a role with the Heritage group, a financial services provider, initially as a senior fund accountant before moving into the role of senior depositary officer, where he was responsible for managing a portfolio of AIFMD depositary clients. Andrew is a chartered accountant and has a degree in Mathematics from Edinburgh University.

Bill Prew CEO of INDOS Financial, says “We have seen increasing demand for our depositary services from private equity and real estate fund managers. We are delighted to welcome Andrew to INDOS Financial to manage growth in this area of our business. Andrew brings significant private equity and related AIFMD depositary knowledge and experience to the business”.

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