Citco Group, an asset servicing solutions provider to the global alternative investment industry, announced its latest partnership with securities class action recovery service provider, Financial Recovery Technologies (FRT).  

FRT is the fourth solutions provider added to Citco’s strategic partnership programme, focused on creating an integrated ecosystem of leading third-party buyside technology solutions, which was launched last year.

Partnerships allow Citco to add new avenues of utility for the client portfolio data it already collects and processes, instead of isolating it for single-use.

Through the FRT partnership, Citco can now offer its clients seamless access, via its platform, to best-in-industry class action monitoring and recovery solutions.

In 2019, over 400 shareholder class actions were filed globally that will result in billions of dollars in settlements. Being able to identify eligibility, and collect funds made available in shareholder class actions allow investors to exercise proper fund governance, while also increasing performance by several basis points per year. 

“Continued development of our strategic partnership programme is allowing Citco to create a one-stop-shop for clients,” says Albert Bauer, managing director at Citco Technology Management. “By doing so we are ultimately reducing costs for our clients and making their lives easier.”