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Guernsey Branch Launched By Fund Admin Giant Citco

by Jason Gorringe, Lowtax.net, London
30 June, 2014

Citco Fund Services, one of the world's leading fund administrators, has opened a new office in Guernsey.

The company's Guernsey branch will provide outsourced fund administration services to clients previously serviced in-house by private equity manager EQT.

Citco specializes in alternative funds, and principally hedge funds and funds of hedge funds, but is hoping to build on its private equity offering through the new Guernsey office.

William Keunen, Global Director of Citco Fund Services, said: "Onboarding a strategic client in this way is an ideal arrangement for us and sets us off up and running in Guernsey quickly. There is a number of Guernsey domiciled and non-Guernsey domiciled funds being serviced here, particularly private equity and we see a lot of opportunity. We are focused on growing the business."

The Guernsey branch adds to a global network of more than 5,000 staff in more than 40 countries.

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