SS&C lands mandate from local boutique fund services provider

SS&C Technologies has been awarded a mandate by a boutique fund services provider to investment managers in Australia to support its fund services operations.

Fundhost, which has $2 billion in assets under management, provides responsible entity, trustee, fund administration, registry, operations and support services to boutique Australian and international fund managers.

As part of this arrangement, Fundhost will leverage SS&C's proprietary platform to streamline its unit registry and fund administration operations.

To uphold service continuity and ensure a smooth onboarding process for its clients, Fundhost has moved 10 of its employees to SS&C's Sydney office.

SS&C said the agreement expands its presence in Australia and reinforces its commitment to supporting the local investment management industry.

SS&C head of transfer agency for APAC Euan McLeod said the firm is excited to welcome its new colleagues and to deepen its presence in the Australian market.

"As demand for business process outsourcing continues to accelerate, we remain committed to delivering market-leading services to fund managers, custodians, and responsible entities across Australia," McLeod said.

Meanwhile, Fundhost joint chief executive Drew Wilson said the firm selected SS&C for its expertise across private markets, hedge funds, active ETFs, and global infrastructure.

"With access to SS&C's technology and operational resources, we're well-positioned to broaden our capabilities while maintaining the high level of service our clients rely on," Wilson said.