NEW YORK CITY—The Citco Group of Cos. has revealed plans to open a business center at 350 Park Ave. in September to help companies looking to build, or expand their presence here. Staffing up for the effort, the company has hired Ted Doukakos, previously general manager at Regus, as general manager to oversee the new facility.
Citco's Gateway Business Centerwill provide customized office solutions and administrative services to businesses establishing a presence—or growing an existing one—in New York City. Citco Gateway is a market-entry solution, providing office locations and administrative services to businesses looking to establish operations in a new market or further develop in an existing one. By leveraging Citco's global business relations, business infrastructure, and business support services, Gateway clients can attain scalability and minimize capital commitments, and are able to focus their resources on their core businesses and achieving competitive growth.
Citco Gateway New York, which will span about 20,000 square feet at the Vornado Realty Trust building is situated in the heart of Manhattan's commercial business and alternative funds district. Clients will be supported by Citco's business network and infrastructure. Gateway clients also will have access to Citco's suite of fund administration and corporate services. Citco Gateway currently has Business Centers in Singapore, Amsterdam, and Luxembourg.
“With our deep experience, global footprint, and wide range of business relationships, Citco is uniquely positioned to help clients tackle the complications and challenges that can arise from venturing into a new market,” says Jay Peller, global head of sales and product development at Citco. “We look forward to giving businesses of all sizes and growth stages—from start-ups to established investment firms to multi-national corporations—the support and solutions needed to compete and succeed.”
Adds John Beers, business director, Citco Corporate & Trust, “Citco Gateway New York offers attractive office space in one of Manhattan's most desirable commercial locations and delivers comprehensive administrative services that will meet a wide range of clients' needs. We are excited to launch an offering that will be invaluable to New York professionals and their growing businesses.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
