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Our Story

Firm History

Firm History 2880x1016 v3

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself.

Industry-leading technological development
  • We enhance our Data Services platform through a new cloud delivery feature – putting clients in control of their own data.
  • CitcoRecs™, our data-agnostic, strategic reconciliation solution is launched.
Making history through our innovation
  • We hit $1.8Tr in Assets under Administration (AuA).
  • Citco completes the successful migration of $1 trillion worth of AuA onto the newest version of Æxeo® running on Amazon Web Services (AWS) – one of the largest accounting transitions in history, and the largest within the alternative investment sector – providing hedge fund and hybrid clients with a secure cloud service.
Delivering in extraordinary circumstances
  • Due to the Covid pandemic, we move 40 locations worldwide to full Working From Home within 11 business days – while hitting 100% of client deliverables over the year. 
  • We hit $1.4Tr in Assets under Administration (AuA).
We surpass $1 trillion in Assets under Administration (AuA) for the first time, hitting $1.1Tr AuA
We hit $972B in Assets under Administration (AuA), all through organic growth
Citco launches its innovative web platform, CitcoOneTM
Citco exits the sub-custody business for financial institutions and focuses on servicing key fund investor clients
Citco’s offshore fund administration business becomes its core business
Citco’s Banking division is launched
Launch of Citco’s fund administration business
Citco founded by Mr. A.A.G. Smeets

We began serving private clients and multinationals in the wake of World War II, with Citco subsequently evolving to be a global leader in the fund administration business.

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