4 May 2010
Citco Fund Services and OpHedge Investment Services have joined forces to provide their clients with enhanced fund administration and operational support services.
The alliance is the culmination of a thorough review designed to match complementary partners. Peter Sanchez, CEO of OpHedge, said the partnership is great for our clients, employees and our company and represents a compelling opportunity for all three parties.
OpHedge’s clients will continue to be serviced out of OpHedge’s current locations in Rye Brook, NY and Shanghai, China, adding further capacity to Citco’s existing 18 fund administration locations worldwide.
William Keunen, Citco Fund Services divisional director, said the alliance makes great sense. “We already know each other well through working together on mutual clients, our technology is already integrated, now we can focus on establishing best-of-breed across both organizations – and this can only be good for all our clients”.
The alliance is the culmination of a thorough review designed to match complementary partners. Peter Sanchez, CEO of OpHedge, said the partnership is great for our clients, employees and our company and represents a compelling opportunity for all three parties.
"Through a series of mutual sub-administration agreements, the combined business will enable us to leverage each others’ capabilities to enhance our offering to new and existing clients as the industry continues to seek dedicated, specialized expertise and enhanced technology capabilities.”
OpHedge’s clients will continue to be serviced out of OpHedge’s current locations in Rye Brook, NY and Shanghai, China, adding further capacity to Citco’s existing 18 fund administration locations worldwide.
