Citco Bank Nederland’s Dublin branch has received approval from the Irish Financial Regulator to provide trustee and custody services to Irish domiciled collective investment schemes.
This approval will allow Citco Bank’s Irish operation to compliment its existing custody services to non-Irish authorised funds and to leverage Citco’s expertise in the provision of fund administration and transfer agency services to the hedge fund industry.
Willem Holst, managing director, says: “We have built the reputation and success of our custody business on flawless execution, great service and innovative products. Now, thanks to this clearance from the financial regulator, we will be able to provide similar value to our clients seeking to establish Irish funds, particularly with the growing move by alternative investment managers to domicile new products within the highly regulated jurisdictions.”
