Fundhost enlists SS&C as tech & admin partner | Australian Markets
Australian boutique fund administration trustee and companies partner Fundhost has chosen SS&C as its outsourced technology and administration companies partner.
Under the settlement, Fundhost will undertake SS&C’s technology platform to assist its unit registry and fund administration operations.
As half of the transition, 10 Fundhost workers have additionally joined SS&C’s Sydney workplace to assist the transition to SS&C, making certain “continuity of service and a seamless onboarding process for Fundhost clients”.
Fundhost affords accountable entity, trustee, accounting, compliance and administration, product design, registry and, through a strategic relationship with HSBC, custody companies.
Its platform presently oversees $2 billion in belongings beneath management. Specialised for boutique funds management corporations, Fundhost’s purchasers embrace Polen Capital, ThirdLink, Datt Capital, DMX, EGP Capital, and ARA Consultants.
Fundhost boasts that it has supported the development of some of Australia’s most profitable boutiques.
Fundhost joint-chief govt Drew Wilson mentioned SS&C was chosen “for their proven expertise across private markets, hedge funds, and active ETFs, as well as their global infrastructure”.
Wilson added: “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.”
SS&C’s head of switch company for its Global Investor & Distribution Solutions Australia arm, Euan McLeod welcomed the new partnership and alternative to “deepen our presence in the Australian market”.
SS&C not too long ago introduced the renewal of its longstanding technology partnership with FES Super, with the company signalling its formidable growth plans within the Australian market.
The US-headquartered firm presently companies 22,000 purchasers globally with more than $45 trillion in belongings run on its technology.
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