CITCO opens in Japan

The fund administration services firm is following real estate clients by opening an office in Tokyo, to be headed by Citco's former private equity and real estate executive in Luxembourg, Mark Beckett.

Citco Real Estate Investment Fund Services is opening an office in the Shiroyama Trust Tower in Tokyo, Japan.

Mark Beckett, formerly assistant managing director of Citco’s private equity and real estate division in Luxembourg, will head up the new office, according to the firm. It is the  first time CITCO has opened an office in the country as it looks to service clients that own real estate there.

A spokesman for Citco said the Tokyo office reflected the company’s commitment to the region. Citco’s real estate business is part of the Citco Group, an independent financial services group employing over 4,000 staff around the world.