Press release from INDOS Financial on Wednesday 6 May, 2020.
Elaine Breen has been appointed by INDOS Financial, the independent fund depositary and oversight business, as Head of Legal & Compliance of its Irish operations. Elaine was formerly the General Counsel at BlackBee Investments, an investment firm in Cork City, Ireland and prior to this, held senior roles at IFG Group PLC and Willis.
Elaine is a member of the judging panel for the global Women in Compliance Awards, the Early Irish Career Awards and is an assessor for the Good Governance Awards for the not-for-profit sector. Elaine was also recognised in the 2019 Ireland General Counsel Powerlist.
“We are very pleased that Elaine has chosen to join INDOS in Ireland where she will be establishing and developing our in-house legal and compliance capability,” said Bill Prew, CEO INDOS Financial.
“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.” Mr Prew continued.
Elaine is qualified as a Solicitor in Ireland with the Law Society of Ireland and is also a qualified Solicitor under the Solicitors Regulation Authority in England and Wales. Elaine’s qualifications include a BA(Hons) in Business & Law, LLB (Hons), a Masters in Law (LLM Practitioner) and certificates in International Risk Management & Compliance.
Elaine will be based at INDOS Financial’s offices in Enniscorthy, County Wexford.
About INDOS Financial
Founded in 2012, INDOS has grown organically, developing solutions recognised as industry-leading within the fund oversight and depositary service space. As of April 2020, client assets under depositary oversight had grown past $35 billion and a further $10bn which form part of the INDOS MLRO (Money Laundering Reporting Officer) service clients.
INDOS established its operations in Enniscorthy, Co Wexford in 2013 and now employs 23 of the 49 employees of the INDOS group.