WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has entered a long-term agreement with Australian financial services company DDH Graham Limited to provide superannuation and funds management administration services. The deal involves the transfer of around 70 Brisbane-based employees from DDH to SS&C, aiming to ensure continuity of service for DDH clients.
DDH Graham, with over $7.8 billion in funds under management and administration, will subcontract SS&C to handle member and investor administration tasks. This includes unit registry and fund services, as part of a strategic move to enhance its business operations. The transition of these services to SS&C will occur over the coming months.
Ugo Di Girolamo, DDH Executive Chairman, noted the importance of the partnership, highlighting SS&C's established presence in the Australian financial administration sector. He emphasized that while DDH's Money Market business is not included in this deal, the collaboration with SS&C presents a considerable opportunity to scale and access advanced financial technology, which can offer more services to customers amidst industry changes.
Nick Wright, Head of Global Investor & Distribution Solutions at SS&C, expressed enthusiasm about the agreement, viewing it as an extension of SS&C's growth in Australia. Wright anticipates leveraging the company's technology and expertise to serve the evolving needs of superannuation and managed funds clients.
SS&C, a global provider of financial services and healthcare software and services, has been a part of the Australian financial landscape for over three decades. The company supports a wide array of organizations with its technology and services.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.