Migration will bring greater efficiency and cost savings
SS&C Technologies (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced that Sandell Asset Management Corp. has selected SS&C GlobeOp to provide an extensive range of fund administration, risk and regulatory support services, including support for FATCA and Form PF.
SS&C GlobeOp’s advanced technology platform, coupled with the expertise of its team in risk and regulatory compliance were key elements in the asset manager’s decision to migrate from its existing fund administrator to SS&C GlobeOp.
“All areas of our organization, from risk management through to trading, operations and even marketing and investor relations will benefit from the move to SS&C GlobeOp’s advanced technology platform. The integration of risk and customized reporting will further enhance our ability to provide investors with detailed and integrated risk analytics and reporting,” said Rick Ecklord, Senior Managing Director, Sandell Asset Management. “SS&C GlobeOp’s expertise and commitment to continuous technology investment is what we are looking for in a long-term partner.”
SS&C GlobeOp will provide an end-to-end service for regulatory compliance which includes the aggregation and mapping of data, reporting and electronic filing for Form PF and ensuring the availability of timely and accurate data for FATCA compliance.
“Sandell Asset Management was attracted by our ability to offer a fully integrated service based on the latest technology at a competitive price. The flexibility of our platform allows us to tailor the services offered to meet the exact needs of our clients efficiently and cost effectively,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We’re pleased to be providing fund administration, risk management and regulatory support to Sandell and look forward to building a long-term partnership.”