Federated Hermes extends transfer agency partnership with SS&C Technologies
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Federated Hermes extends transfer agency partnership with SS&C Technologies 16 June 2022US Reporter: Jenna Lomax
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Federated Hermes has extended its long-running partnership with SS&C Technologies (SS&C).
As part of the renewed mandate, SS&C Global Investor and Distribution Solutions (GIDS) will continue to provide domestic transfer agency services while also utilising SS&C’s solution SS&C Lyric, a modern global recordkeeping solution.
SS&C GIDS provides transfer agency services, including recordkeeping, transaction processing and settlement, automated workflow integration, data-driven operational insights, real-time transparent oversight and digital tools for Federated Hermes’ domestic fund shareholders.
Bob Wagner, president of the Federated Shareholder Services Company, says: “We are pleased to extend our long-term relationship with SS&C as they help us deliver high-value customer care to our shareholders and financial intermediary clients.”
He adds: “SS&C’s next-generation Lyric technology platform and their new suite of fraud detection and prevention solutions showcase how the company continues to invest in key technologies important to our service delivery model.”
Nick Wright, head of SS&C GIDS, comments: “Federated has a 48-year relationship with SS&C and we are thrilled and thankful to be extending our strong partnership.
“Our clients depend on us to represent their brands to their investors and advisors. We are committed to continuing to utilise best-in-class technology and to delivering dependable high-quality service.”
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