BT Chooses SS&C for Unit Registry Services
SS&C Technologies Holdings (Nasdaq: SSNC) has secured a long-term agreement with BT, a leading Australian wealth management business, for unit registry services.
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Rhea-AI Summary
SS&C Technologies Holdings (Nasdaq: SSNC) has secured a long-term agreement with BT, a leading Australian wealth management business, for unit registry services. SS&C's Managed Fund Administration team will provide services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions.
Key points:
- BT previously managed these services in-house
- SS&C aims to improve digital access to investor information and automate processes
- SS&C GIDS is the world's largest transfer agent and unit registry
- The division services over 1,000 clients globally, processing more than 200 million transactions annually
This partnership demonstrates SS&C's expertise in helping asset managers digitalize and transform their operations, offering a scalable, technology-enabled registry solution to support BT's managed fund clients.
Details
News Market Reaction – SSNC
The recorded move for SSNC in the trading session of this news was +0.98%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BT previously managed the unit registry and investor servicing for these managed funds in-house. SS&C will focus on helping BT deliver improved digital access to investor information and automating processes to improve efficiency.
"We are excited to partner with BT. We have been working with BT teams to integrate the operating model and technologies to provide a market-leading experience from day one," said Shaun McKenna, Head of SS&C GIDS,
SS&C GIDS is the world's largest transfer agent and unit registry. The division services more than 1,000 clients globally, processing more than 200 million transactions a year. SS&C services the full investor lifecycle with end-to-end solutions. Learn how SS&C GIDS can help you streamline operations, boost product diversification, deliver state-of-the-art digital interactions and more here.
About BT
BT is part of Westpac Group and has a 50-year history in providing wealth management services, including investment solutions, and supporting financial advisers. BT is one of
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C
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