The organisation serves a range of customers, including private clients, helping them to set up companies, foundations and trusts.

Citco, the international financial services firm serving the alternative investment space, as well as working with private clients and other customers, yesterday announced that it now holds over $1.0 trillion of funds under administration.

The result is noteworthy because this growth has been achieved entirely by organic growth, with no contribution from mergers and acquisitions, Citco said. 

“The growing drive to streamline operations is leading managers to outsource more functions, including: front office risk reporting, middle office treasury and collateral management, back office financial statements, and tax and regulatory reporting,” the firm said, explaining the background to its growth.

The US-based firm, traces its origins to 1948, when it was founded by the Smeets family. It operates across North America, Europe and Asia. Clients include high net worth individuals, family offices, institutions and asset managers.