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INDOS Financial appoints Head of ESG

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INDOS Financial, an independent fund depositary and oversight business, has appointed Seymour Banks as Head of ESG – Environmental, Social & Governance.  

Banks will be responsible for leading and developing INDOS’s independent ESG screening and verification service to asset managers and their stakeholders.

Banks has over 20 years of experience in the investment management industry, predominantly in the alternative asset space. Before INDOS, he was CEO of Hilltop, a boutique fund of fund business and prior to that a Managing Director of Signet Capital. His investment management career started in 1996 at Barclays Global Investors where he was involved in product and business development, including hedge funds, i-shares and the FTSE4Good Index. 

“Responsible investing has a long and varied history, but interest in how investment managers integrate environmental, social and governance (“ESG”) factors into their thinking has accelerated dramatically over the last couple of years,” says Banks. “This is a great opportunity to extend INDOS’s reputation for independent assurance, as a depositary for alternative investment funds, to the ESG space where the lack of transparency is a big issue.”   

Since its inception in 2012, INDOS has grown organically, developing solutions recognised as industry-leading within the fund oversight and depositary service space. As of January 2019, client assets under depositary oversight have grown past USD28 billion and a further USD15 billion which form part of the INDOS MLRO (Money Laundering Reporting Officer) service clients.

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