SS&C acquires North American fund administration from CACEIS
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SS&C acquires North American fund administration from CACEIS 13 March 2018Connecticut Reporter: Jenna Lomax
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SS&C Technologies Holdings (SS&C) has entered into an agreement to acquire CACEIS North America, the fund administration business of CACEIS, based in Toronto and New York.
The acquisition is expected to close in the Q1 this year, subject to customary closing conditions.
The agreement will add 65 employees to SS&C.
Bill Stone, chairman and CEO of SS&C, said: “We welcome the clients and skilled professionals of CACEIS North America. This acquisition further enhances the depth of our teams and our servicing capability in the Toronto and New York markets.”
Jean-Francois Abadie, CEO of CACEIS, commented: “I am very pleased for our clients to join SS&C, as our companies both share the same vision and passion for delivering quality service.”
He added: “We believe this move is very positive for the clients and our team, who will now have greater opportunities working with the leader in North American fund administration.”
Tina McInnis, CEO of CACEIS Canada, said: “We are confident in SS&C and excited for the future of clients and employees of CACEIS North America. We believe our clients will benefit from SS&C’s robust technology platform, while taking advantage of their enhanced capabilities and global reach.”
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