Citco Fund Services, a provider of hedge fund services, has been granted a licence from the Guernsey Financial Services Commission to provide fund administration services in its jurisdiction.
Citco Fund Services has been licensed to provide fund administration in Jersey since 2004, and the addition of Guernsey to its service offering reflects the increasing importance of the Channel Islands as a domicile for investment funds.
“Guernsey is an established fund domicile with an internationally recognised but pragmatic regulatory environment which we believe will continue to make it a jurisdiction of choice for many hedge funds and fund of funds operators,” says William Keunen, director of fund services for Citco.