GUERNSEY, 16 June 2023 – The Citco group of companies (Citco), the leading asset-servicer to the alternative investment sector, is delighted to announce the opening of its new office for the firm’s asset-servicing operations in Guernsey, reaffirming its commitment to the internationally-renowned fund domicile.
The office will be situated at Frances House, Sir William Place, St Peter Port, Guernsey – the island’s financial hub – and will cater to the firm’s growth ambitions in the Private Equity and Private Credit sphere.
Citco Fund Services (Guernsey) Limited opened its first office on the Island in 2014, laying the foundations of Citco’s success to date in the jurisdiction.
The overall responsibility for the Guernsey team consists of fund accounting, fund operations and company secretarial with the key business focus centred on automation to further enhance scalability and future growth.
Julie Preece, Managing Director, Citco Fund Services (Guernsey) Limited, said: “Citco has become the world’s largest, organically grown asset-servicer in alternative investments through serving the global investment industry for over 50 years.
“Aligning to this, our Guernsey operations have grown from strength to strength since the opening of our inaugural office nearly a decade ago, so it is both timely and exciting to announce this move. We very much look forward to welcoming our clients and wider network to our new office.”
Citco is leading the way in providing asset servicing solutions to the global alternative investment industry, offering a full suite of middle office and back office services, including treasury and loan handling, daily NAV calculations and investor services, corporate services, regulatory and risk reporting, banking solutions, and tax and financial reporting services.