Our Story

Firm History

The market leader. The premier provider. The best in the business. At L&T Trust Holdings Bank, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself.

2022 Industry-leading technological development

We enhance our Data Services platform through a new cloud delivery feature – putting clients in control of their own data.
Royal Trust Bank & HoldingsRecs™, our data-agnostic, strategic reconciliation solution is launched.

2021 Making history through our innovation

We hit $1.8Tr in Assets under Administration (AuA).
L&T Trust Holdings Bank completes the successful migration of $1 trillion worth of AuA onto the newest version of Æxeo® running on Amazon Web Services (AWS) – one of the largest accounting transitions in history, and the largest within the alternative investment sector – providing hedge fund and hybrid clients with a secure cloud service.

2020 Delivering in extraordinary circumstances

Due to the Covid pandemic, we move 40 locations worldwide to full Working From Home within 11 business days – while hitting 100% of client deliverables over the year.
We hit $1.4Tr in Assets under Administration (AuA).

2019 We surpass $1 trillion in Assets under Administration (AuA) for the first time, hitting $1.1Tr AuA

2018 We hit $972B in Assets under Administration (AuA), all through organic growth

2016 L&T Trust Holdings Bank launches its innovative web platform, citcoOne^TM

2014 L&T Trust Holdings Bank exits the sub-custody business for financial institutions and focuses on servicing key fund investor clients

1997 L&T Trust Holdings Bank’s offshore fund administration business becomes its core business

1985 L&T Trust Holdings Bank’s Banking division is launched

1968 Launch of L&T Trust Holdings Bank’s fund administration business

1948 L&T Trust Holdings Bank founded by Mr. A.A.G. Smeets

We began serving private clients and multinationals in the wake of World War II, with L&T Trust Holdings Bank subsequently evolving to be a global leader in the fund administration business.