SS&C Extends Transfer Agent Relationship with abrdn

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

WINDSOR, Conn., Oct. 10, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that abrdn, the global investment company and asset manager, has extended its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K., Luxembourg and Singapore fund ranges.

"We are pleased to continue our long-standing relationship with SS&C in the U.K. and Luxembourg while extending it into Singapore," said Martin Kwiatkowski, COO Investments, abrdn. "As a leading global asset manager, abrdn is committed to providing the same high-quality experience to our clients, no matter where they are in the world or however they want to engage."

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 U.S. funds. The latest contract includes enhanced servicing to provide responsiveness to investors in abrdn's Luxembourg-domiciled funds. SS&C is partnering with abrdn to simplify client reporting, and enhance AML services to support their fund range. Additionally, SS&C is partnering with abrdn to enhance the services available through digital channels for our Singapore business.

"We are thrilled to extend our valued long-term relationship with abrdn to support abrdn's local fund range in Singapore," said Euan Mcleod, Head of SS&C GIDS, APAC. "This expansion further solidifies the strong partnership we already share, delivering an exceptional service to abrdn and their retail, corporate and institutional clients."

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 £505.9bn of assets for clients (as of 30 June 2024).

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 20,000 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 services does SS&C provide to abrdn under the extended relationship?

SS&C provides transfer agency services for abrdn's OEIC and Life funds in the U.K., supports Luxembourg liquidity and SICAV funds, and offers services for U.S. funds through SS&C GIDS. The extended relationship also includes enhanced servicing for Luxembourg-domiciled funds, improved client reporting, and enhanced AML services.

How has SS&C (SSNC) expanded its relationship with abrdn in October 2024?

SS&C has extended its transfer agency relationship with abrdn to include the Singapore fund range, in addition to the existing U.K. and Luxembourg fund ranges. This expansion further solidifies their partnership and allows SS&C to deliver services to abrdn's retail, corporate, and institutional clients in Singapore.

What enhancements are included in the new contract between SS&C (SSNC) and abrdn?

The new contract includes enhanced servicing for Luxembourg-domiciled funds, improved client reporting, enhanced AML services, and a partnership to enhance digital channel services for abrdn's Singapore business. These enhancements aim to provide better responsiveness to investors and simplify client reporting.