Citco increases asset services offering to EQT 28 February 2018London Reporter: Jenna Lomax
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The Citco Group is to increase its asset services to EQT, a global investment firm, driven by an increase in its fund size, co-investment activity and a broadening of strategies.
As part of the expansion, Citco has launched its centre of excellence for private equity investor services and created a new team to manage integrations and support changes by clients through process enhancement initiatives and implementation of customised technology solutions.
Since 2014, Citco has provided a full suite of asset servicing and related solutions to EQT’s portfolio of funds.
EQT is also an early adopter of Citco’s recently launched Æxeo Treasury, a software-as-a-service offering.
Patrik Burnäs, group head of fund operations at EQT, said: “Citco’s experienced staff and technology-based solutions are a seamless extension of our own capabilities, helping EQT to deliver the operational efficiency required to invest across asset classes and geographies.”
Nikolaos Perros, head of private equity fund services at Citco, commented: “We are proud of our long-term relationship with EQT, which is well-established as one of the world’s leading private equity firms. EQT’s remarkable growth in recent years reflects a wider trend in the industry in which the most successful players are deploying larger funds across a broader canvas of investment opportunities globally.”
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