Stay away, there is better - Investor Relations Citco Employee Review

1.0
Feb 18, 2017
Recommend
CEO approval
Business outlook

Pros

Benefits package is honestly one of the best benefits packages I've seen in the industry.

Cons

The sea of empty desks is a perfect reflection of the current situation over at Citco, specifically the Toronto office. Most teams are severely understaffed and as a result are frustrated with the long, excruciating hours (12-15 hour shifts) they have to put in on a regular basis. it is also looked down upon if you do not want to put in the hours as some management expect you to always put aside your personal life. The inability for upper management to act on the painfully obvious issues that plague this office is the reason why turnover rates have been uncontrollable as of late. There is absolutely no retention policy in place as Citco ultimately plans on shifting operations overseas where the labour is cheaper. Citco has already shut down a whole department at the Toronto office in 2016 and moved its operations over to an Asian country in the western pacific. If you are looking for opportunities, I would advise you to stay away from Citco in its current state if you value a work/life balance. Before joining this company, I urge you to please look up some current employees on Linkedin and have a chat with them to verify everything I've said.

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Citco Response
9y
Dear Former Colleague - I appreciate you taking time to leave some feedback. We understand that it can be tough to see jobs moved from one office to another resulting in some empty seats for a time. In Toronto we did have a particular IR team whose work was migrated to one of our Asia offices. However the core IR teams are still in Toronto and will remain, likely to grow when new clients come onboard. We are also expanding on the Fund Accounting side in that office - so it remains an excellent training ground for new recruits as well as more seasoned hires. Our headcount in this office will remain strong - even if we may move work abroad, it is replaced by new complex work which means plenty of opportunities.

Explore other reviews about Citco

5.0
Apr 8, 2026
Recommend
CEO approval
Business outlook

Pros

Great work culture and energy from people

Cons

Work can become tedious at times

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Citco Response
1mo
Thank you for the 5 star review, It is great see you experiencing our work culture and the camaraderie you have with your colleagues. We would also encourage you to explore more internal communication channels available to you to address your specific concerns. Thank you for sharing comments and for the 5 star review!
4.0
Mar 23, 2026
Recommend
CEO approval
Business outlook

Pros

Its best to work here for a few years and gain experience elsewhere.

Cons

Company went from 2 days on-site to now 3 days on-site, i dont mind it but this company has low morale and all the employees are sick of this place now. If you want a high salary but no opportunity to advance this is the place for you. 80% of the company is senior level and no room for growth or promotional opportunities.

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Citco Response
2mo
Thank you for the 4 star review. We strive for work life balance with our hybrid working policy, working in the office as a team contributes to our collaborative ethos in Citco. We would also encourage you to explore more internal communication channels available to you to address your specific concerns.
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