Citco Opens Gateway Business Center in Manhattan; Launches Serviced Office Location in Prime NYC Business District

Will Provide High-Quality Business Center in Class-A Building and Access to Citco’s Industry-Leading Administration Services

Ted Doukakos Joins from Regus to Lead Citco Gateway New York

NEW YORK--()--The Citco Group of Companies (“Citco”), a worldwide group of independent financial service providers, today announced that it will open a new Gateway Business Center in Manhattan in September 2015 to provide customized office solutions and administrative services to businesses building their presence in New York City. Ted Doukakos, previously General Manager at Regus, has joined the firm as General Manager to oversee Citco Gateway New York.

Citco Gateway is a unique market-entry solution, providing premium office locations and administrative services to businesses looking to establish operations in a new market, or further develop in an existing one. By leveraging Citco’s global business relations, business infrastructure, and business support services, Gateway clients can attain scalability and minimize capital commitments, and are able to focus their resources on their core businesses and achieving competitive growth. Citco Gateway currently has Business Centers in Singapore, Amsterdam, and Luxembourg, and will be expanding to other major markets, including New York City.

Located at 350 Park Avenue, Citco Gateway New York is situated in the heart of Manhattan’s commercial business and alternative funds district. The space features fully-furnished offices and attractive, spacious common areas, including a café, event space, and terrace. Clients will be supported by Citco’s extensive business network and robust infrastructure, including a skilled reception staff and reliable, secure IT support. Importantly, Gateway clients will also have convenient access to Citco’s industry-leading, comprehensive suite of fund administration and corporate services.

Jay Peller, Global Head of Sales and Product Development at Citco, said, “We are pleased to extend our Gateway offering and help clients establish and develop their businesses in New York. With our deep experience, global footprint, and wide range of business relationships, Citco is uniquely positioned to help clients tackle the complications and challenges that can arise from venturing into a new market. We look forward to giving businesses of all sizes and growth stages – from start-ups to established investment firms to multi-national corporations – the support and solutions needed to compete and succeed.”

John Beers, Business Director, Citco Corporate & Trust, said, “Citco Gateway New York provides a business solution that is unmatched in the marketplace. Not only does it offer attractive office space in one of Manhattan’s most desirable commercial locations, but it also delivers comprehensive administrative services that will meet a wide range of clients’ needs. We are excited to launch an offering that will be invaluable to New York professionals and their growing businesses.”

Citco Gateway New York offers a number of office space options, with layouts ranging from two-person suites with views of Park Avenue to corner executive suites for teams of up to ten people. For further information about Citco Gateway and about leasing office space at the 350 Park Avenue location, please contact GatewayNY@Citco.com.

About Citco Group of Companies

The Citco Group of Companies is a worldwide group of independent financial service providers serving the world's elite hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies and high net worth individuals. Citco companies service these sectors around the world by offering hedge fund administration, custody and fund trading, financial products and corporate and trust planning solutions. Citco has offices in over 40 countries with more than 5,000 staff.

Contacts

Media:
Sard Verbinnen & Co
Jonathan Gasthalter / Elizabeth Smith
212-687-8080