Citco Launches Suite of Services Focused on Institutional Investors

HONG KONG,
CHINA – Media OutReach – 14 June
2019 – The Citco Group of Companies (“Citco”) today announced the launch of
Citco Institutional Services (“CIS”) – an investment recordkeeping and
reporting team born from Citco’s long-term experience handling global,
multi-asset portfolios. Nick Eisenlau has been appointed as the Head of
Institutional Services to lead the development of the business.

CIS will
work closely with Citco’s core operations teams, leveraging robust asset
processing capabilities while offering new services optimized for the unique
needs of pensions, endowments, OCIO and family offices. Based on legislative
and regulatory pressure, investors heavily focused on fee transparency and
performance reporting can access standalone offerings to augment their current
processes. CIS will be the first asset servicer to offer verification of fund
fees, across both open-end and close-end fund charges, including management,
incentive and carry structures as well as delivery of standardized reports.

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In
addition to accounting and portfolio recordkeeping, CIS provides a performance
book of record so that investors capture full transparency on their
investments, including incorporation of all historical adjustments.  Performance reporting can be tiered based on
client needs, including data services to other applications, reporting dashboards
or interactive user analysis tools.  CIS
will also offer a la carte outsourcing services for alternatives data capture
and quality control to meet the growing complexity of multi-asset portfolios.

 

“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,” said Roald Smeets, President of
Citco. “We are thrilled to have such an experienced talent as Nick to drive the
build-out of this offering.”

 

Mr.
Eisenlau most recently served as Citco’s Head of Strategy and Analytics, where
he led the development and rollout of CitcoOne, the asset servicing industry’s
premiere web data analytics and visualization platform, which provides the next
generation of user experience to over 400 clients.

About Citco Group of Companies (Citco)

The Citco Group of Companies (Citco) is a leading
provider of asset servicing solutions to the global alternative investment
industry. With over $1 trillion in assets under administration and 6,500 staff
deployed across 40 countries, Citco’s unique culture of innovation and
client-driven solutions have provided Citco’s clients with a trusted partner
for more than four decades. Having grown organically into one of the largest
asset servicers in the industry, Citco’s Fund Services division offers a full
suite of middle office and back office services including, treasury and loan
handling, daily NAV calculations and investor services, corporate and legal
services, regulatory and risk reporting as well as tax and financial reporting
services. Investing heavily in innovation and technology whilst further
developing its current suite of client friendly solutions, Citco will continue
into the future as a flagbearer for the asset servicing industry.