New Office
SS&C Opens New Office In Saudi Arabia
The US-headquartered firm has pushed further into the Saudi Arabia market.
SS&C
Technologies, a Nasdaq-listed wealth and bank technology
firm, has opened a new office in Riyadh, Saudi Arabia.
The firm said it will use this base to “forge new relationships”
and work more closely with the Capital Markets Authority and the
Saudi Arabian Monetary Agency.
SS&C's Middle East business serves 850 financial institutions
and corporate clients; 150 of these clients are in Saudi
Arabia.
Issa Jadon, director, will lead the new office, SS&C
Technologies said in a statement.
"With more than $3 trillion in investments likely under Saudi
Arabia's Vision 2030 economic transformation programme, the
Kingdom's financial services market is expanding rapidly,” Bill
Stone, chairman and CEO, said.
SS&C, which is headquartered in Windsor, Connecticut,
has offices worldwide. In March, SS&C said that
Principal Asset Management extended its transfer agency
relationship with SS&C. SS&C Global Investor &
Distribution Solutions provides a range of fund services to
Principal's 114 mutual funds comprised of 467 mutual and retail
alternatives share classes, with about $160 billion in assets
under management. In February, LPL Financial broadened its
relationship with SS&C Technologies. LPL Financial, which
uses SS&C's Brokerage Solutions, leverages SS&C ALTSERVE™
to grow its alternatives business.
