Citco strengthens lead in European admin market
26 May 2020 - "It gives me great pleasure to highlight that the Citco group of companies (Citco) retains its position as the pre-eminent administrator in Europe this year by a sizeable margin over our peers: our assets under administration make-up 32% of the European hedge fund market, up over 9% on last year, with our nearest competitor trailing 12%.
We take great pride in the fact that our lead doesn’t just pertain to assets administered, but the overall number of managers in Europe: we partner with the largest number of managers at 125, double the number of our nearest peer. Our client-centric approach and operational excellence – coupled with investment in people and technology in key growth areas such as loan servicing/administration and middle office solutions – is resonating with our clients. We intend to continue to invest significantly in order to meet their evolving needs.
This bodes well for our ability to retain our position as the top administrator in Europe and to grow our market share even further in future.”