CITCO to operate office space in Hyderabad as centre of excellence
Real Estate

CITCO to operate office space in Hyderabad as centre of excellence

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.

Image Source


Also read: IndiQube takes up 30k sq ft workspace in Chennai’s Guindy

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. Image Source Also read: IndiQube takes up 30k sq ft workspace in Chennai’s Guindy

Next Story
Technology

BBMP Pledges Faster E-Khata Processing Amid Citizen Complaints

Facing mounting complaints over delays in e-khata issuance, the Bruhat Bengaluru Mahanagara Palike (BBMP) has promised to resolve the issue within 10 days. BBMP Chief Commissioner Tushar Giri Nath assured citizens that efforts are underway to expedite processing rates from the current 2,000 to a target of 10,000–15,000 applications daily. "We have cleared 90% of the 90,000 pending applications, leaving only 4,500 to process. To meet the demand, over 800 additional staff and assistant revenue officers (AROs) have been deployed to manage applications in each ward," Nath stated. Persistent Dela..

Next Story
Real Estate

Delhi HC Orders DDA to Assist CBI in Housing Lapses Probe

The Delhi High Court has instructed the Delhi Development Authority (DDA) to fully cooperate with the Central Bureau of Investigation (CBI) in its probe into alleged lapses in the construction of 336 high-rise HIG/MIG houses at Signature View Apartments, north Delhi. Justice Chandra Dhari Singh emphasized that DDA must furnish information about any internal inquiry and the officials involved to facilitate the investigation. The court noted CBI’s submission that DDA had not responded to multiple reminders since July, delaying the probe. The CBI is investigating allegations of "cheating, crimi..

Next Story
Infrastructure Urban

Mahindra Lifespace to Appeal Tamil Nadu GST Tax Demand

Mahindra Lifespace Developers Ltd has announced a tax demand of Rs 20.9 million imposed by the Tamil Nadu GST department, including interest and penalties. The order, issued by the Assistant Commissioner of State Tax, Chengalpattu, cites an alleged shortfall in GST payments under Section 74 of the GST Act, 2017. The realty firm refuted the allegations, stating, “Based on the company's assessment, there is no noncompliance, and a general penalty has been imposed.” The company plans to appeal the order, expressing confidence in a favorable resolution. Mahindra Lifespace assured stakeholders ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000