New Ross Standard

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INDOS Financial appoints new head of legal

Enniscorthy-based independent fund depositary and oversight business INDOS Financial has appointed Elaine Breen to the position of head of Legal and Compliance for the company's Irish operations.

Ms Breen is the former General Counsel at Blackbee Investments in Cork and she also held senior roles at IFG Group and Willis.

She is also a former member of the judging panel for the global Women in Compliance Awards and the Early Irish Career Awards and is an assessor for the Good Governance Awards which are presented within the not-for-profit sector.

Ms Breen was also recognised in the 2019 Ireland General Counsel Powerlist.

Bill Prew, CEO of INDOS Financial, welcomed the appointment and said Ms Breen will establish and develop the business's in-house legal and compliance capabilities.

'Elaine's first task will be to complete INDOS' application to gain Central Bank of Ireland authorisation to provide depositary services to Irish domiciled private equity and real estate funds,' said Mr Prew.

Ms Breen is a qualified Irish solicitor and she is also qualified under the Solicitors Regulation Authority in England and Wales.

Her qualifications include a BA (Hons) in business and law, LLB (Hons), a master's in law (LLM practitioner) and certificates in international risk management and compliance.

Her base will be INDOS Financial's offices in Enniscorthy.

The business set up its Irish operations base in Enniscorthy in 2013 and currently employs 23 of the 49 employees within the INDOS group.

It develops solutions within the fund oversight and depositary service sector.

Up to last month, the business's client assets under depositary oversight had grown past $35bn.

Wexford People