Citco launches suite of services focused on institutional investors
CIS will offer verification of fund fees, across both open-end and close-end fund charges, including management, incentive and carry structures as well as standardized reports
The Citco Group of Companies (Citco) has launched Citco Institutional Services (CIS) - an investment recordkeeping and reporting team. Nick Eisenlau will lead the development of the business after having been appointed as the head of institutional services.
CIS will work closely with Citco's core operations teams, leveraging robust asset processing capabilities while offering new services optimized for the unique needs of pensions, endowments, OCIO and family offices. Based on legislative and regulatory pressure, investors heavily focused on fee transparency and performance reporting can access standalone offerings to augment their current processes. CIS will be the first asset service provider to offer verification of fund fees, across both open-end and close-end fund charges, including management, incentive and carry structures as well as delivery of standardized reports.
In addition to accounting and portfolio record-keeping, CIS provides a performance book of record so that investors capture full transparency on their investments, including incorporation of all historical adjustments. Performance reporting can be tiered based on client needs, including data services to other applications, reporting dashboards or interactive user analysis tools. CIS will also offer outsourcing services for alternatives data capture and quality control to meet the growing complexity of multi-asset portfolios.
"Citco has serviced investor assets for 75 years. Institutional Services is a natural evolution of our core administration capabilities and will broaden our relationship with investors across the globe," says Roald Smeets, president of Citco.
Eisenlau most recently served as Citco's head of strategy and analytics, where he led the development and rollout of CitcoOne, an asset servicing
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17 Jun 2019