The Citco group of companies, an asset-servicer to the alternative investment sector, has announced the opening of its new office for the firm’s asset-servicing operations in Guernsey.
The office will be situated at Frances House, Sir William Place, St Peter Port, Guernsey – the island’s financial hub – and will cater to the firm’s growth ambitions in the Private Equity and Private Credit sphere.
Citco Fund Services (Guernsey) Limited opened its first office on the Island in 2014, laying the foundations of Citco’s success to date in the jurisdiction.
The overall responsibility for the Guernsey team consists of fund accounting, fund operations and company secretarial with the key business focus centred on automation to further enhance scalability and future growth.
Julie Preece, Managing Director, Citco Fund Services (Guernsey) Limited, said: “Citco has become the world’s largest, organically grown asset-servicer in alternative investments through serving the global investment industry for over 50 years.
“Aligning to this, our Guernsey operations have grown from strength to strength since the opening of our inaugural office nearly a decade ago, so it is both timely and exciting to announce this move. We very much look forward to welcoming our clients and wider network to our new office.”
