Citco has opened a new office in Japan to address the increasing demand for alternative investments in the region and strengthen its global services for both existing and potential clients.
The services provided by Citco include fund accounting, treasury and loan management, investor services, corporate services, regulatory and risk reporting, banking solutions, as well as tax and financial reporting, among others.
Roald Smeets, president and chief operations officer of Citco, said: “We are delighted to announce the opening of Citco Japan Co KK and, in turn, our continued expansion in the APAC region. With the government of Japan recently announcing its ambitions to be a Leading Asset Management Centre, we see a wealth of opportunities in the region. Our aim is to support alternative asset managers with both inbound and outbound investments, while offering Citco’s comprehensive range of services, world class technology and global office network.
With over $2 trillion in assets under administration (AuA), Citco provides a comprehensive range of middle-office and back-office services to alternative investment firms worldwide.
Smeets added: “At Citco, we pride ourselves on taking the complexity out of our clients’ day-to-day activities – enabling them to focus on growth – and with Japan transforming itself as a leading, innovative hub for alternatives, we are excited to extend our offering to the region and look forward to supporting this transition.”