Citco MD shifts Down Under

David Leahy will run hedge fund administration from Sydney.

David Leahy, managing director at Citco, is in the process of transferring from Hong Kong to Sydney, and expects to be officially based Down Under by the start of 2004.

Citco is a hedge funds administrator, and Leahy concentrates on administrating funds only for Asia-Pacific-based hedge funds. The firm now has about $2 billion under administration in Asia-Pacific. It's been growing exponentially, Leahy says, noting the assets have doubled since January and may double again by the end of the year.

While in Hong Kong he was responsible for Citco's regional coverage, including Japan, Hawaii and India, but not Australia. By moving to Sydney, he is adding Oz to his brief....

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