Citco appoints industry veteran as Head of Real Assets - North America
The Citco Group of Companies (Citco) has appointed Connie Tirondola as Executive Vice President and Head of Real Assets in North America at Citco Fund Services (USA) Inc.
Tirondola will focus on managing client relationships and supporting fund accounting services for Citco’s growing North American real assets client base and report into Barbara Flusk, Head of Real Assets, Citco Fund Services (USA) Inc.
Tirondola comes to Citco from CBRE where she was Managing Director in their fund administration business and was most recently responsible for business development. Prior to CBRE, she served as Managing Director and Global Head of Real Estate Fund Accounting at BlackRock. She also held senior positions with Sentinel Real Estate and Prudential prior to BlackRock. She is 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. She also chaired the Accounting Committee at NCREIF from 2010 to 2014. She is a Certified Public Accountant in the State of New Jersey and received a BA in Accounting from Rutgers University.
“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,” says Barbara Flusk, Head of Real Asset Fund Services. “We’re incredibly excited to bolster our team with such a highly respected industry leader such as Connie. I have worked with her for over a decade on various industry initiatives and our clients will greatly benefit from her many years of institutional finance experience.”
Citco’s Real Assets has a regional presence in North America, Europe and Asia, each experienced in servicing open-end funds, closed-end funds and separately managed accounts across real estate, infrastructure, and forestry and agriculture. Citco Real Assets uses a combination of industry leading technology and proprietary solutions such as Aexeo Treasury and Citco Waterfall, to provide best in class service to clients and to help them to achieve scale within their operations. As a result, Citco Real Assets AuA has grown 40 per cent between 2017 and 2020.
“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,” says Tirondola. “As managers increasingly recognise 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.”