Citco Groups Banking and Securities Services group (CBSS) has completed a SOC 1 Type 2 examination under ISAE 3402 and SSAE 16 guidelines for the period between Oct. 1, 2011, and September 30.
The certification covers the custody and trustee processes of Citco Bank Canada, Citco Banking Corporation N.V., Citco Bank Nederland N.V. (and its branches), Citco Global Securities Services Ltd., Citco Global Securities Services (Canada) Limited and Citco Fund Advisors (Schweiz) A.G.
The examination was performed by an independent auditing firm and evaluated the suitability of the design and operating effectiveness of the CBSS controls related to the Custody and Trustee Services processes and supporting information technology.
(CG)