SS&C will host the firm’s unit registry and fund administration operations.
Fundhost Ltd., a boutique fund services provider to investment managers in Australia, will be outsourcing its unit registry and fund administration operations to SS&C Technologies, officials say.
By turning to SS&C and its proprietary platform, FundHost will be streamlining its unit registry and fund administration operations. Fundhost provides “entity, trustee, fund administration, registry, compliance, operations and support services to boutique Australian and international fund managers,” according to the announcement. “The platform has AUD 2 billion in assets under management.”
The agreement with SS&C will mean that “10 Fundhost employees have joined SS&C’s Sydney office to ensure continuity of service and a seamless onboarding process for Fundhost clients,” officials say. Fundhost is based in Sydney.
“We selected SS&C for their proven expertise across private markets, hedge funds, and active ETFs, as well as their global infrastructure. With access to SS&C’s technology and operational resources, we’re well-positioned to broaden our capabilities while maintaining the high level of service our clients rely on,” says Drew Wilson, joint-CEO of Fundhost, in a prepared statement.
“The agreement expands SS&C’s presence in Australia and reinforces its commitment to supporting the local investment management industry,” officials say.
“As demand for business process outsourcing continues to accelerate, we remain committed to delivering market-leading services to fund managers, custodians, and responsible entities across Australia,” says Euan McLeod, head of transfer agency, SS&C Global Investor & Distribution Solutions, Australia, in a statement.
SS&C offers services, systems, and software for financial services operations at firms across the globe.
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