Citco hires for real assets

Citco appointed Connie Tirondola as executive vice president and head of real assets in North America at Citco Fund Services. An industry veteran, Tirondola will focus on managing client relationships and supporting fund accounting services for Citco’s growing North American real assets client base. She will report into Barbara Flusk, head of real assets for Citco’s overall administration business. Tirondola served most recently at CBRE, where she was managing director in their fund administration business and was most recently responsible for business development. Prior to CBRE, she was managing director and global head of real estate fund accounting at Blackrock and has held senior positions with Sentinel Real Estate and Prudential. “At Citco we pride ourselves on providing globally integrated solutions, that leverage regional expertise, to address the unique needs of our real assets client base,” said Flusk. “We’re incredibly excited to bolster our team with such a highly respected industry leader such as Connie.” Tirondola is also a member of the Global Standards Steering Committee, a joint real estate industry group created by NCREIF/PREA, INREV and ANREV to further cooperation in global reporting standards. “Throughout my career I have admired not only Citco, as a leading asset servicer, but also Barbara and her ability to build a strong real assets team and client base,” said Tirondola. “As managers increasingly recognize the benefits of outsourced solutions, I look forward to further strengthening North American client relationships and supporting managers’ evolving operational needs to create scalability by leveraging Citco’s use of industry leading technology and processes for real assets.” Citco’s real assets division uses technology such as Æxeo Treasury and Citco Waterfall to help serve clients. According to Citco, its assets under administration classified as real assets has grown 40% between 2017 and 2020. Citco has a total of over $1 trillion in assets under administration.

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