At a time when globalisation and new regulations are creating greater complexity, Citco assists clients to comply with local and international regulations.
Since its establishment in the 1940s, Citco has helped private clients set up companies, foundations and trusts which assist in the estate planning and global investments such as real estate holding companies or holding of financial accounts.
Citco delivers corporate and trustee services to individuals and family offices. It offers exceptional service levels and a commitment to tailoring bespoke solutions for passing family wealth from one generation to the next.
Extended families may have complex affairs, with business and investment assets located in different countries. As an independent organisation, Citco is happy to work with a wide range of regulated financial institutions, law firms or other professional advisers that clients have engaged.
Establish a variety of trusts in a choice of highly respected jurisdictions with an independent trustee that has no conflicts of interest.
A trust’s flexibility and unique features make sure that it will deliver benefits both during the settlor’s lifetime and to the settlor’s family after he/she passes away.
Solutions for your lifetime and beyond
Solutions for purposes such as education, philanthropy etc.
Provision of professional trustees
A personal holding company is one of the planning vehicles utilised by high net worth individuals to hold an investment portfolio, real estate, shares in a family company, or an art collection.
Company establishment and administration
Integrated wealth planning through foundations and trust
Proper estate and tax planning is a key concern for international private clients with a global investment portfolio.
As an independent partner, Citco can assist and help implement planning strategies that have been mapped out by legal and financial advisors of our client’s choice. Our global offering allows us to service clients and their families by offering corporate and/or trust formation and trustee services including financial and regulatory reporting support. We can also assist with bespoke vehicles that hold and manage life insurance services.
Citco is one of the most highly-respected providers of corporate and trust services. Our history of 75 plus years, independence and office network across more than 40 countries enable us to provide flexible solutions for our clients’ diverse needs.
Bespoke vehicles to hold and manage financial and non-financial assets
Financial statement preparation for personal holding companies, trusts and foundations including preparation of consolidated financials<
Classification and reporting services as necessary to comply with the Automatic Exchange of Information Regimes.
Make sure that your FX broking is transparent and fair. Traditionally hedging has been sold as part of a bundled administration service – Citco Bank’s FX service offers greater clarity and is completely fair.
Leveraging our scale as a major market participant, we use an agency model to get our clients the best price from a panel of leading FX brokers. An independent FX consultancy then systematically checks the FX prices achieved every quarter, comparing them with prevailing market spreads.
We’re bringing new levels of trust to FX hedging – after research revealed that billion dollar portfolios were routinely paying FX rates significantly outside the market price.
Gain from a straightforward way to conduct transactions, place cash on deposit and access foreign exchange and bridge finance facilities. Banking and cash management is integrated with our fund administration and corporate & trust service offerings. Fully automated transaction flows minimise operational risk.
Operating in the Netherlands, Ireland, Luxembourg, Canada, Curacao, the Bahamas and Cayman Islands, the Citco Banks provide access to best-of-breed process and technology.
Prepare financial statements of entities that we set up for multinational, corporate and private clients. We ensure that these financial statements conform with the latest accounting principles and standards.
We prepare annual, quarterly, semi-annual and/or monthly unaudited financial statements in conformity with the relevant accounting standards (U.S. GAAP / IFRS/ and any other acceptable accounting standards). Additionally, we organise financial information required for regulatory filings and provide assistance during the audit of those financial statements where required, with external auditors.
Information technology differentiates Citco. Our proprietary technology, has allowed us to adapt quickly to the alternative investment industry’s rapidly changing needs.
Technological innovation ranges from our introduction of the Æxeo® front-to-back system in 2002, to the AXI transfer agency and allocation system in 2009, to the the CitcoOne web portal and CitcoWaterfall™ engine in 2016 and Æxeo® Treasury in 2018.
With the delivery of information at the core of our business, Citco is focusing on developing ‘big data’ to improve what we offer our clients still further.
Citco’s primary technology security goal is to ensure that all clients interact in the most secure possible environment and that their information is safe.
Comprehensive security measures include: encryption, intrusion protection and access management systems.
Business continuity and disaster recovery systems are in place across all operating locations.
Our continued financial commitment to technology investment allows us to provide the alternative investment industry with flexible, secure and robust systems.
With US$995bn under administration, we act for 20% of the hedge fund marketplace, calculating more than 250,000 fund NAVs per month.