Janus Henderson Taps SS&C, IFDS For BPO, Transfer Agency Services

Rhea-AI Summary

SS&C Technologies (Nasdaq: SSNC) announced that Janus Henderson has selected SS&C Global Investor & Distribution Solutions (GIDS) and IFDS for global transfer agency services for its funds, particularly in ex-U.S. jurisdictions. The initial phase included migrating over 15,000 Irish accounts totaling more than EUR10 billion in assets under management. This partnership aims to offer improved recordkeeping, operational insights, and real-time support, enhancing client experience through advanced technology and a 'follow-the-sun' support model.

Positive

• Partnership with Janus Henderson to manage global transfer agency services enhances SS&C's service offerings.
• Migration of over 15,000 accounts and EUR10 billion in assets marks a significant operational milestone.
• Utilization of advanced technology and operational insights may lead to improved efficiency and client satisfaction.

Negative

• None.

WINDSOR, Conn., Dec. 8, 2020 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Janus Henderson has chosen SS&C Global Investor & Distribution Solutions (GIDS) and IFDS to provide global transfer agency services to its funds. The scope of the project will apply to funds in ex-U.S. jurisdictions.

The first stage of the project saw more than 15,000 Irish accounts with more than EUR10 billion in assets under management across 300 share classes migrate to GIDS, SS&C's global transfer agency and investor servicing solution. The platform will provide Janus Henderson with recordkeeping, unique data-driven operational insights, real-time transparent oversight, intelligent automation, and state-of-the-art digital tools. SS&C will service Janus Henderson clients globally using a "follow-the-sun" model, with round-the-clock support across domiciles. IFDS will complete local servicing in Ireland for European funds.

"The collaboration between SS&C and IFDS gives us access to top-of-the-line technology and dedicated support staff of transfer agency experts in a streamlined, consolidated offering," said Graham Foggin, Head of Operations, Janus Henderson. "Consistent, knowledgable service across domiciles ensures we can deliver a great experience to all of our clients."

"We are excited to bring best-in-class technology and support to Janus Henderson," said Nick Wright, Head of Global Investor & Distribution Solutions. "A consistent approach to servicing funds globally, using a single source of data, simplifies fund management and distribution for global providers."

About IFDS

With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. With over 2,400 employees and partners located throughout Canada, Europe, and Asia-Pacific, the IFDS enterprise supports more than 15.9 million accounts with AUA of CAD $3.6 trillion. IFDS is a 50/50 joint venture between Boston-based State Street Corporation, one of the world's leading providers of financial services to institutional investors, and Connecticut-based SS&C Technologies, a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. For more information, visit www.ifdsgroup.com.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

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SOURCE SS&C

FAQ

What are the key highlights of SS&C's partnership with Janus Henderson?

SS&C's partnership with Janus Henderson involves providing global transfer agency services, starting with the migration of over 15,000 Irish accounts with more than EUR10 billion in assets.

How will SS&C's technology improve services for Janus Henderson clients?

SS&C's technology aims to provide better recordkeeping, operational insights, and real-time support, enhancing overall client experience.

What is the significance of the EUR10 billion assets in SS&C's latest press release?

The EUR10 billion in assets signifies the scale and importance of the accounts being migrated, highlighting SS&C's capabilities in handling large-scale transfer agency services.

What model will SS&C use to service Janus Henderson clients?

SS&C will use a 'follow-the-sun' model to provide round-the-clock support to Janus Henderson clients globally.