Citco’s CoE team moves to permanent facility in Hyderabad
Strengthens the resources of Citco’s operations across Asia, supports its other locations in the region including Pune and Mumbai
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The CoE provides a range of support in relation to fund and banking services for Citco and its international client base, helping both to operate more efficiently and effectively via Citco’s portfolio of award-winning proprietary technologies
Hyderabad: The Citco Group of Companies, the global alternative investment asset servicer with over $1.8 trillion in assets under administration, has announced its move to a new state of the art office in Hyderabad on Tuesday. After the successful launch of Citco’s Center of Excellence (CoE) in Hyderabad in September 2021 – whereby the team was based in a temporary incubation office in Hitec City – Citco has moved to a new permanent facility in the Opel Building, located in Salarpuria Sattva Knowledge City, to cater to its ongoing expansion in the region.
The office was inaugurated by Kalvakuntla Taraka Rama Rao, Minister of Information Technology, Industries & Commerce, Municipal Administration & Urban Development, and Jayesh Ranjan, Principal Secretary of the Industries & Commerce and Information Technology.
The CoE provides a range of support in relation to fund and banking services for Citco and its international client base, helping both to operate more efficiently and effectively via Citco’s portfolio of award-winning proprietary technologies. The team also strengthens the resources of Citco’s operations across Asia, helping to support Citco’s other locations in the region which include Pune and Mumbai.
Jay Peller, Head of Fund Services, Citco Fund Services (USA) Inc, said: “After the move to Hyderabad nearly two years ago, we are delighted that the construction of our new CoE is now complete. The state of the art office will ensure we are well-positioned to support the growth of Citco not simply in the region, but also globally.”
“We have seen significant worldwide demand for our fully-integrated ecosystem of bespoke technologies and white-glove, specialist asset services, so now that our new regional base is ready, we look forward to significantly and sustainably growing our team in India,” he added. Citco is leading the way in providing asset servicing solutions to the global alternative investment industry, offering a full suite of middle office and back office services.
