SS&C expands fund administration enterprise in India via GIFT Metropolis Workplace

2024-06-12 19:59:05

Windsor, Connecticut (ots/PRNewswire) – S S&C Expertise Holdings Inc. (Nasdaq: SSNC) expands its world presence with new workplace in India Gujarat Worldwide Fintech Metropolis (GIFT Metropolis). The Worldwide Monetary Companies Middle Authority has granted SS&C GlobeOp a license to supply fund administration and compliance companies for Different Funding Funds (AIFs) and different funds in Financial Alternative Zones.

Kedaara Capital and Multiples Alternate Asset Administration are amongst SS&C’s purchasers which have AIFs in GIFT Metropolis, with extra within the pipeline.

A consultant from Multiples Alternate Asset Administration stated: “GIFT Metropolis presents an incredible alternative and we’re excited to be part of it.”

“SS&C’s expertise as a number one world various funds supervisor makes them a superb associate to assist our progress. We look ahead to working with the SS&C crew on web site to assist our day-to-day operations.

The fund administration companies provided by GIFT Metropolis complement SS&C’s in depth fund administration enterprise throughout India. SS&C first expanded into the nation in 2003. Amongst Indian fund administration purchasers, SS&C manages greater than $19 billion in belongings. SS&C has 7,500 staff throughout 12 places of work in India, serving purchasers within the fund companies, switch companies and brokerage industries. Senior Director Arun Baldwa will lead the brand new workplace at GIFT Metropolis.

Bhagesh Malde, Head of SS&C GlobeOp, stated: “We’re happy to additional increase our presence in India via GIFT Metropolis’s new working license and native presence as a number one world various fund supervisor with over $2 trillion in belongings below administration. , We With in depth expertise in dealing with all operational necessities of a wide range of complicated fund buildings throughout completely different international locations and regulatory and tax techniques, our on-site presence at GIFT Metropolis underlines our dedication to Indian purchasers establishing funds on this thrilling new world hub promise.

The fund administration business in Present Metropolis is creating quickly, and plenty of home and international corporations are seizing the chance. IFSCA sea Over the previous three years, greater than 80 fund managers have taken root in financial alternative zones, committing greater than $30 billion.

Details regarding SS&C expertise

SS&C is a world supplier of companies and software program to the monetary companies and healthcare industries. Based in 1986, SS&C is headquartered in Windsor, Connecticut, with places of work all through the world. Roughly 20,000 monetary companies and healthcare corporations, starting from the world’s largest enterprises to small and mid-sized corporations, depend on SS&C’s experience, scale and expertise.

For extra details regarding SS&C (NASDAQ: SSNC ), go to www.ssctech.com.

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