The Citco Group of Companies (Citco), an asset servicer for the alternative investment industry, has opened a new office in Dallas, Texas, bolstering support for current and prospective clients in Texas and the surrounding region.

The strategically located office will serve as a regional hub for comprehensive asset servicing operations, offering middle and back-office solutions including treasury and loan services, NAV calculations, investor services, corporate services and regulatory reporting.

According to a press statement, Dallas' emergence as a key financial centre, with its growing alternative investment ecosystem, robust talent pool, and business-friendly environment, makes it an ideal location for Citco's expansion.