Citco appoints new Co-Heads of Real Assets to drive growth in 2025 and beyond
New York/London, January, 22 2025: The Citco group of companies (Citco) – the leading asset-servicer to the alternative investment sector – today announced the appointment of Michelle Clements and Joep Hamers as Co-Heads of Real Assets, Citco Fund Services (CFS).
Michelle and Joep will charge the drive and execution of the firm’s global growth strategy for Real Assets. Together with the global management team, they will join forces to enhance strategic priorities and develop innovative solutions to cater to the diverse needs of clients to accelerate the business forward.
Michelle, based in North America, joined Citco in 2022 as the Head of North America Real Assets. Prior to joining Citco, Michelle was with BNY for seven years as the Head of Operations & Fund Accounting for the Real Estate business. Prior to her time at BNY, Michelle was with Deutsche Bank for 22 years in leadership roles focused in Real Estate Client and Investor Reporting.
Joep, based in Europe, joined Citco in 2002 and during his tenure has worked across a variety of leadership roles focused on Real Estate clients. In 2017, when CFS formed its dedicated Real Assets line of business, Joep joined the Management Team responsible for relationship management and was also charged with establishing the CFS Cosec Service offering. Most recently, Joep headed up Client Services and strategy for Real Assets.
Jay Peller, Head of Fund Services at Citco Fund Services (USA) Inc., said: “I am thrilled to announce the appointment of Michelle and Joep to this key position within our business. Both are exceptional leaders with proven track records of delivering results, as well as having strong reputations across the Real Assets industry.
Citco is the world’s largest, organically grown asset-servicer in alternative investments through serving the global investment industry for over 70 years, and with increased automation at the core of our strategy, we strive to deliver best-in-class services to clients – helping to streamline operations and increase cost efficiencies.
This appointment will strengthen our positioning as an industry leader, and I am confident that their combined leadership skills, innovative and client centric mindset, as well as exceptional operational expertise, positions us well to achieve accelerated growth for Real Assets in 2025 and beyond.”
Joep Hamers and Michelle Clements, Co-Heads of Real Assets at Citco Fund Services, said: “This is an incredibly valuable growth period for Real Assets, with investors increasingly cementing the asset class into portfolios. Our business has grown exponentially over recent years, further demonstrating that we are our clients’ foundation for growth – but of course, there is more to do in terms of streamlining our clients’ experience, continuously evolving data needs, servicing requirements and ensuring we continue to innovate and to deliver industry leading products. We are delighted to be at the forefront of this evolution of asset-servicing in Real Assets, and look forward to further growing our presence in the market.”