Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. SS&C snaps up Citi alternative investment for $425m
Industry news

SS&C snaps up Citi alternative investment for $425m


18 August 2015 Windsor, Connecticut
Reporter: Stephanie Palmer

Generic business image for news article
Image: Shutterstock
SS&C has made a move to increase its presence in the global fund administration space, acquiring Citi’s Alternative Investor Services business for $425 million.

The deal includes hedge fund services and private equity fund services, and is still subject to final adjustments, regulatory approval and customary closing conditions. The transaction is expected to be finalised in Q1 2016.

Bill Stone, chairman and CEO of SS&C Technologies, said: "This acquisition is solidly in line with SS&C's strategy of combining organic growth with select, high-quality acquisitions. Citi Alternative Investor Services clients can be assured of SS&C's commitment to continue to serve them with world-class people, process and technology.”
← Previous industry article

Markit’s most shorted
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Hedge

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →