SS&C has collaborated with the UK investment management and fund solutions group Marlborough.
The companies say SS&C will provide fund accounting, middle office and transfer agency services for the funds for which Investment Fund Services (IFS) acts as authorised corporate director (ACD) or authorised fund manager (AFM).
Under the agreement, approximately 90 IFS staff in Bolton transferred to SS&C on 1 June. They will continue working in one of Marlborough's office buildings in Bolton, which will become a 'centre of excellence' for fund administration and serve clients of both IFS and SS&C.
Richard Goodall, CEO of Marlborough, comments: "The collaboration will further enhance the service received by IFS's clients by combining SS&C's outstanding technology with our own ACD/AFM expertise and commitment to exceptional service. We believe this agreement provides considerable long-term benefits for both the investors in these funds and the companies operating them.”
Allan Hamer, CEO of IFS, says: “SS&C's global leadership in fund administration and transfer agency capabilities, coupled with their cutting-edge technology, will further enhance efficiency in these all-important areas. At the same time, we at IFS will focus on providing outstanding service and delivering strong oversight and governance for the benefit of our end investors."
