INDIA, 18 April 2023 – After the successful launch of Citco’s Center of Excellence (CoE) in Hyderabad in September 2021 – whereby the team was based in a temporary incubation office in HITEC City – Citco has moved to a new permanent facility in the Opel Building, located in Salarpuria Sattva Knowledge City, to cater to its ongoing expansion in the region.
The office inauguration took place on 18 April and was attended by Kalvakuntla Taraka Rama Rao, Minister of Information Technology, Industries & Commerce, Municipal Administration & Urban Development, and Jayesh Ranjan, Principal Secretary of the Industries & Commerce and Information Technology.
The CoE provides a range of support in relation to fund and banking services for Citco and its international client base, helping both to operate more efficiently and effectively via Citco’s portfolio of award-winning proprietary technologies. The growing team also strengthens the resources of Citco’s operations across Asia, helping to support Citco’s other locations in the region which include Pune and Mumbai.
Jay Peller, Head of Fund Services, Citco Fund Services (USA) Inc., said: “After the move to Hyderabad nearly two years ago, we are delighted that the construction of our new Center of Excellence is now complete. The state of the art office will ensure we are well-positioned to support the growth of Citco not simply in the region, but also globally. We have seen significant worldwide demand for our fully-integrated ecosystem of bespoke technologies and white-glove, specialist asset services, so now that our new regional base is ready, we look forward to significantly and sustainably growing our team in India.”
Amit Verma, General Manager, Citco Group Services (India) LLP Hyderabad Branch., said: “Hyderabad is becoming one of the region’s most prosperous economic hubs, so we are thrilled to have laid down roots here and we are proud to call it home to one of our CoEs. The region has unparalleled access to a growing base of agile, skilled talent. Aligning to Citco’s ethos, we are committed to investing in the best talent and giving them the right tools to succeed – so to be able to provide our team with a state of the art office is a fantastic milestone for Citco.”
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.