Citco Forms Strategic Partnership with GIC; GIC Becomes Minority Shareholder

The Citco group of companies (Citco), a global leader in asset servicing, has entered into a long-term strategic partnership with GIC, one of the world’s largest institutional investors. As part of the relationship, GIC becomes a minority shareholder in Citco. The founding Smeets family will continue to hold majority ownership.

Partnership Overview

• Strategic Minority Investment
  GIC’s stake marks a significant milestone in Citco’s growth, reinforcing its global market position while maintaining family ownership.
• Continued Majority Control by Smeets Family
  The founding family remains committed to guiding Citco’s client-centric innovation and long-term strategy.
• Shared Vision for Sustainable Growth
  Both organizations bring a long-term, partnership-driven approach focused on operational excellence, innovation, and client service.

Executive Perspectives

GIC’s View:
“Citco has organically grown into a global market-leading asset servicing business, delivering value to investors like GIC for over 50 years. Our investment aligns squarely with GIC’s commitment to building long-lasting partnerships that empower family-owned businesses to thrive,” said Girish Karira, Head of Integrated Strategies Group and Head, New York Office at GIC.

Citco’s Response:
“We look forward to continuing our strategic relationship with GIC. Their industry perspective and long-term approach to investing, paired with Citco’s client-driven solutions and culture of innovation, will enable us to continue to drive scalability for our clients,” said Roald Smeets, President and COO of Citco.

Strategic Benefits of the Partnership

• Enhanced Operational Scale
  GIC’s backing provides Citco with added capital strength and reach, enabling scalable solutions for institutional clients.
• Technology and Innovation Focus
  Both partners are aligned on the importance of tech-driven services to support modern asset servicing demands.
• Global Synergies
  The relationship supports Citco’s international expansion and commitment to maintaining service excellence across regions.

The strategic investment by GIC into Citco marks a forward-looking collaboration between two respected entities. As Citco continues to lead in the asset servicing space, this partnership signals confidence in the company’s vision and reinforces its foundation for future growth—while staying true to its family-owned roots.