CITCO to operate office space in Hyderabad as centre of excellence

03 Sep 2021 CW Team

Curacao International Trust Company (CITCO), a global alternative investment assets service provider with $1.5 trillion assets under administration, is setting up a new office at Hyderabad.

The company will hire more than 1,200 employees within two years. The team will help strengthen the CITCO base in Asia. Currently, in India, CITCO has its presence in Mumbai and Pune.

Its new Hyderabad office will be a Centre of Excellence (CoE) for providing a wide range of services, including funding, banking, and technology support for CITCO and its international clients. Its new office is in HiTeC City, and it would move to Salarpuria Sattva Knowledge City after the construction is completed in the third quarter (Q3) of FY22.

The team at CITCO Hyderabad will function from a nearby incubation site till the construction of the new building is completed.

Jay Peller, head of the funding service at CITCO, told the media that this campus at Hyderabad is the company's new regional base, which aims at sustainable and significant growth in India while developing new solutions for alternative investment managers here and elsewhere to scale efficiently and effectively.

The general manager at CITCO India, Amit Verma, said that Hyderabad is an internationally renowned technology hub in India, and the company's new office will have access to a growing base of active and skilled technological talent.

With more than 9,000 staff in 40 countries, CITCO offers a complete faculty of middle office and back-office services, including treasury, loan handling, regular Net Asset Value (NAV)calculations, investor services, Corporate services, banking solutions, financial services, tax, regulatory, and risk reporting services.

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