Following receipt of the approval to provide fund administration and custody services from the Malta Financial Services Authority, the Citco Group of Companies is opening an office in Malta.
William Keunen, global director of Citco Fund Services, says the extension of Citco’s global footprint in Malta makes sense.
“We have been asked on numerous occasions whether we can service funds domiciled in Malta. Now, with the implementation of the AIFM directive in July 2013, Malta will provide a viable alternative to the main European hedge fund jurisdictions, in particular because the legislation is ready and the MFSA is engaged and proactive.”
Citco Fund Services (Malta) Ltd and Citco Custody Ltd will provide an asset-servicing offering for funds domiciled both in and outside Malta.