Citco, the largest global service provider to hedge funds, administering $1 trillion with 60 offices across the globe, has introduced an investment recordkeeping and reporting team born from Citco’s long-term experience handling global, multi-asset portfolios.
Citco Institutional Services (CIS) will be headed by Nick Eisenlau, who will lead the development of the business which will leverage the company’s robust asset processing capabilities while offering new services optimized for the unique needs of pensions, endowments, OCIO and family offices.
Prior to head the new institutional service at Citco, Nick Eisenlau most recently served as Citco’s Head of Strategy and Analytics, where he led the development and rollout of CitcoOne, the firm’s web data analytics and visualization platform in order to expose different levels of content and deliver the information with dynamic visualization. Its key features include interactive dashboards and workflows, order placement, enhanced document management, enhanced fund details, dynamic reporting and capital activity monitoring.
According to the announcement, CIS will be the first asset servicer to offer verification of fund fees, across both open-end and close-end fund charges, including management, incentive and carry structures as well as delivery of standardized reports. This will help investors stay in compliance with their regulatory authorities.
The service also provides a performance book of record so that investors capture full transparency on their investments, including incorporation of all historical adjustments. Outsourcing services for alternatives data capture and quality control is also on the menu in order to help clients meet the growing complexity of multi-asset portfolios.
Roald Smeets, President of Citco, commented: “Citco has serviced investor assets for 75 years. Institutional Services is a natural evolution of our core administration capabilities and will broaden our relationship with investors across the globe. We are thrilled to have such an experienced talent as Nick to drive the build-out of this offering.”