The Citco Group of Companies, a provider of asset servicing solutions, has introduced a new team that will offer recordkeeping and reporting services for institutional investors.
Dubbed Citco Institutional Services (CIS), the new team will cater to pensions, endowments, OCIOs (Outsourced Chief Investment Officers), along with family offices.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIt will work alongside the core operations teams of Citco.
The new team will be led by Nick Eisenlau, who latterly was the head of strategy and analytics at Citco.
Eisenlau spearheaded the development of web data analytics and visualisation platform CitcoOne.
CIS will provide fee verification for open-end as well as close-end funds.
Furthermore, CIS will offer a performance book of record with an aim to enable investors to gain transparency on their investments.
At the same time, it will provide a la carte outsourcing services for alternatives data capture and quality control.
Commenting on the development, Citco president Roald Smeets said: “Citco has serviced investor assets for 75 years.
“Institutional Services is a natural evolution of our core administration capabilities and will broaden our relationship with investors across the globe.
“We are thrilled to have such an experienced talent as Nick to drive the build-out of this offering.”
Citco employs 6,500 people and administers $1 trillion in assets.
