The experience of 2020 has triggered a major shift in the service provision relationship between alternatives asset managers and their service providers, according to Jay Peller, head of fund services at Citco.
New offices set up by fund services provider after enormous growth sees its assets in MENA hit $125 billion.
Citco has made a number of investments into FinTech firms to complement its core offering and provide enhanced reporting and analytics services.
FinTech partnerships have become an attractive alternative or compliment to relying solely on internal innovation.
Citco has made ‘significant strategic investment’ with the aim of providing tailored middle-office services within a wider front-to-back strategy.
Citco has invested in its loan servicing capabilities to address client needs and offer a holistic lending solution.
The partnerships extends the capabilities of the Citco Institutional Services business line, which was launched in June.
Citco Institutional Services will provide new range of services aims to relieve legislative and regulatory pressures on institutional investors.