SS&C Extends Transfer Agent Relationship with abrdn
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced an extension of its transfer agency relationship with abrdn, a global investment company and asset manager. The extended partnership covers abrdn's fund ranges in the U.K., Luxembourg, and Singapore. SS&C provides transfer agency services for abrdn's OEIC and Life funds, supports Luxembourg liquidity and SICAV funds, and serves U.S. funds through SS&C GIDS.
The new contract includes enhanced servicing for Luxembourg-domiciled funds, improved client reporting, and enhanced AML services. SS&C is also partnering with abrdn to enhance digital channel services for the Singapore business. This extension solidifies the long-standing partnership between SS&C and abrdn, aiming to deliver exceptional service to abrdn's diverse client base.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha annunciato un'estensione della sua relazione di agenzia di trasferimento con abrdn, una compagnia di investimento globale e gestore di attivi. Il partenariato esteso copre le gamme di fondi di abrdn nel Regno Unito, Lussemburgo e Singapore. SS&C fornisce servizi di agenzia di trasferimento per i fondi OEIC e Life di abrdn, supporta la liquidità in Lussemburgo e i fondi SICAV, e serve i fondi statunitensi attraverso SS&C GIDS.
Il nuovo contratto include servizi migliorati per i fondi domiciliati in Lussemburgo, reporting clienti potenziato e servizi AML migliorati. SS&C sta anche collaborando con abrdn per potenziare i servizi dei canali digitali per il mercato di Singapore. Questa estensione rafforza il partenariato consolidato tra SS&C e abrdn, con l’obiettivo di fornire un servizio eccezionale alla diversificata clientela di abrdn.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) ha anunciado una extensión de su relación de agencia de transferencia con abrdn, una compañía global de inversión y gestora de activos. La asociación ampliada abarca las gamas de fondos de abrdn en el Reino Unido, Luxemburgo y Singapur. SS&C proporciona servicios de agencia de transferencia para los fondos OEIC y Life de abrdn, apoya la liquidez de Luxemburgo y los fondos SICAV, y atiende fondos estadounidenses a través de SS&C GIDS.
El nuevo contrato incluye servicios mejorados para los fondos domiciliados en Luxemburgo, informes al cliente mejorados y servicios de AML mejorados. SS&C también está colaborando con abrdn para mejorar los servicios de canales digitales para el negocio en Singapur. Esta extensión solidifica la amplia asociación entre SS&C y abrdn, con el objetivo de ofrecer un servicio excepcional a la diversa base de clientes de abrdn.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC)는 글로벌 투자회사이자 자산 관리자 abrdn과의 이관 에이전시 관계 연장을 발표했습니다. 확장된 파트너십은 영국, 룩셈부르크 및 싱가포르의 abrdn 펀드 범위를 포함합니다. SS&C는 abrdn의 OEIC 및 Life 펀드에 대한 이관 에이전시 서비스를 제공하며, 룩셈부르크의 유동성과 SICAV 펀드를 지원하고, SS&C GIDS를 통해 미국 펀드에 서비스를 제공합니다.
새로운 계약에는 룩셈부르크에 본사를 둔 펀드를 위한 향상된 서비스, 개선된 고객 보고서 및 향상된 AML 서비스가 포함됩니다. SS&C는 또한 싱가포르 비즈니스를 위한 디지털 채널 서비스 향상을 위해 abrdn과 협력하고 있습니다. 이 연장은 SS&C와 abrdn 간의 오랜 파트너십을 강화하며, abrdn의 다양한 고객 기반에 뛰어난 서비스를 제공하는 것을 목표로 합니다.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) a annoncé une extension de sa relation d'agence de transfert avec abrdn, une société d'investissement mondiale et gestionnaire d'actifs. Le partenariat élargi couvre les gammes de fonds d'abrdn au Royaume-Uni, au Luxembourg et à Singapour. SS&C fournit des services d'agence de transfert pour les fonds OEIC et Life d'abrdn, soutient la liquidité au Luxembourg et les fonds SICAV, et dessert les fonds américains par l'intermédiaire de SS&C GIDS.
Le nouveau contrat comprend des services améliorés pour les fonds domiciliés au Luxembourg, une reporting client amélioré et des services AML renforcés. SS&C collabore également avec abrdn pour améliorer les services des canaux numériques pour l'entreprise de Singapour. Cette extension renforce le partenariat de longue date entre SS&C et abrdn, visant à offrir un service exceptionnel à la clientèle diversifiée d'abrdn.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) hat eine Verlängerung seiner Transferagenturenbeziehung mit abrdn, einem globalen Investmentunternehmen und Vermögensverwalter, angekündigt. Die erweiterte Partnerschaft umfasst die Fondsreihen von abrdn im Vereinigten Königreich, Luxemburg und Singapur. SS&C bietet Transferagenturdienste für die OEIC- und Lebensfonds von abrdn an, unterstützt die Liquidität in Luxemburg und die SICAV-Fonds und bedient US-Fonds über SS&C GIDS.
Der neue Vertrag umfasst verbesserte Dienstleistungen für in Luxemburg ansässige Fonds, verbesserte Kundenberichte und erweiterte AML-Dienste. SS&C arbeitet auch mit abrdn zusammen, um digitale Kanalservices für das Geschäft in Singapur zu verbessern. Diese Erweiterung festigt die langjährige Partnerschaft zwischen SS&C und abrdn und zielt darauf ab, abrdns vielfältiger Kundenbasis außergewöhnliche Dienstleistungen anzubieten.
- Extended transfer agency relationship with abrdn for U.K., Luxembourg, and Singapore fund ranges
- Expansion of services into Singapore market
- Enhanced servicing for Luxembourg-domiciled funds
- Improved client reporting and AML services
- Partnership to enhance digital channel services for Singapore business
- None.
Insights
SS&C Technologies' extension of its transfer agency relationship with abrdn is a positive development for the company. This deal strengthens SS&C's position in the global financial services industry and demonstrates client retention capabilities. The expansion into Singapore opens up new revenue streams in the growing APAC market.
While specific financial terms aren't disclosed, the multi-year nature of the contract provides stable, recurring revenue for SS&C. The enhanced services, including AML support and digital channel improvements, could lead to increased revenue per client. This aligns with SS&C's strategy of offering comprehensive solutions to asset managers.
For investors, this news signals SS&C's ability to maintain and grow relationships with major clients like abrdn, which is important in the competitive fintech space. The geographic diversification and service expansion demonstrate SS&C's adaptability to client needs and market trends, potentially supporting long-term growth prospects.
This contract extension highlights SS&C's strong position in the transfer agency services market. The company's ability to secure long-term commitments from global asset managers like abrdn indicates a competitive edge in service quality and technology offerings.
The expansion into Singapore is particularly noteworthy, as it taps into the rapidly growing APAC wealth management market. This move could serve as a springboard for SS&C to capture more business in the region, potentially leading to significant growth opportunities.
Investors should view this as a sign of SS&C's resilience and growth potential in a challenging market environment. The focus on enhancing digital channels and simplifying client reporting aligns with industry trends towards increased automation and user-friendly interfaces, positioning SS&C well for future client demands.
"We are pleased to continue our long-standing relationship with SS&C in the
SS&C provides transfer agency services for abrdn's OEIC and Life funds. SS&C's Luxembourg team supports abrdn across liquidity and Société d'investissement à Capital Variable (SICAVs) funds. abrdn also leverages SS&C GIDS for its
"We are thrilled to extend our valued long-term relationship with abrdn to support abrdn's local fund range in
About abrdn
abrdn is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors. abrdn manages and administers
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
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C
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