Industry private equity and real estate fund servicing leader joins SS&C team
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the appointment of Bhagesh Malde as Managing Director & Global Head for SS&C GlobeOp's Real Assets division, to include Real Estate and Infrastructure services, and software products. He will be based in SS&C's New York City office and will report to Rahul Kanwar, Senior Vice President and Managing Director, SS&C GlobeOp.
The newly formed business will focus on servicing real (or tangible) assets - primarily real estate and infrastructure, but also extending to agricultural land, oil, and commodities. This business will leverage SS&C's fund administration services and cloud-based, fund services technology, and will be integrated with SKYLINE, a platform for commercial and residential property management and accounting.
"Real assets are a key growth opportunity for SS&C and Bhagesh is the ideal person to help us extend our momentum," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "His 25 years of deep business experience will be particularly valuable for leading a high-performing team and delivering a complete solution to our clients."
Most recently, Mr. Malde was Senior Managing Director and global head of Private Equity and Real Estate at State Street. Prior to this, he was Managing Director and global head of Hedge Fund Services at J.P. Morgan. Mr. Malde has also served in a number of senior positions in corporate and investment banking at Citigroup and HSBC in Europe, Asia, and North America.
"The outsourcing of real estate and infrastructure accounting services and technology are on the rise in the real assets industry. SS&C is uniquely positioned to deliver fund administration services as well as a platform capable of serving the fund, asset, and investment-level accounting requirements for our clients," said Bhagesh Malde. "I'm excited to join SS&C and to continue the strong growth they have already experienced."
Mr. Malde holds a bachelor's degree in Economics with honours from the University of London and is an alumnus of Harvard Business School where he completed the Advanced Management Program.
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.