SS&C Technologies looks to Luxembourg 19 August 2013Luxembourg Reporter: Georgina Lavers
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SS&C Technologies has expanded its current European presence with a new Luxembourg office.
Asset growth of funds domiciled and/or administered in Luxembourg grew more than 16 percent in the past 12 months to $2,584,099 billion assets under management, according to the Association of the Luxembourg Fund Industry (ALFI).
SS&C GlobeOp’s Luxembourg office offers fund administration and middle-to-back office services, including fund accounting and reporting, share registry and transfer agency services, and investor communications.
Managed account platforms, UCITS funds and SIFs are supported with independent portfolio and over-the-counter (OTC) derivative valuations, integrated risk analytics and aggregated web-based reporting.
“Luxembourg is an important market for our existing and future hedge fund, private equity and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground,” said Bill Stone, chairman and CEO of SS&C Technologies.
“In addition to offering the quality and scope of sophisticated services and technology to funds, we will leverage our Luxembourg team, led by Nick Curwen, drawing expertise from our network globally and locally.”
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