The Citco Group’s (Citco) global assets under administration has hit the $1 trillion mark.
Citco’s biggest area of growth has been in Asia where assets under management have grown by 18 percent year to date across all lines of business.
According to Citco, the growth is a direct result of increasing demand from Asian managers for Citco’s proprietary technology.
Citco currently operates across North America, Europe and Asia, with teams situated around the world.
Jay Peller, head of fund services at Citco, said: “As a private company focused on servicing alternative investment firms, we have been able to adopt a long-term mindset when it comes to investing in our people and proprietary technology.”
He added: “We have leveraged that support to form relationships with clients that span decades. Our ability to deliver the right solutions in support of our clients’ businesses and investors has been of paramount importance to our success story.”
“As the regulatory framework increases in complexity, and investors demand heightened levels of transparency from managers, we expect our clients to increasingly rely on Citco for front-to-back technology solutions that will allow them to focus on delivering outsized returns for their investors.”
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