SS&C Technologies Holdings has expanded its global footprint with the opening of a new office in Abu Dhabi, United Arab Emirates.
The Financial Services Regulatory Authority (FSRA) has granted SS&C full approval to deliver fund administration services within the prestigious Abu Dhabi Global Market (ADGM).
The newly established office in the Al Maqam Tower within the heart of the ADGM will enable the Nasdaq quoted company to offer end-to-end hands-on fund administration services to clients.
The fund administration offering in ADGM complements SS&C's full range of services SS&C offers to alternative fund managers in the Middle East.
SS&C serves nearly 850 financial institutions and corporate clients in the region, with 140 clients leveraging its fund administration technology.
With the regulatory license to operate in ADGM, SS&C further said it is poised to enhance its offerings with dedicated local experts who will benefit from the full scope of the firm's global expertise.
Katarzyna Lupa-Nowicka, head of private markets operations, Middle East, and David Forrester, head of hedge operations, Middle East, will lead the new office in Abu Dhabi.
“We are excited to cement our presence in the growing Abu Dhabi Global Market with the new operating license and on-the-ground presence,” said Bill Stone, Chairman and CEO. “With more than $2 trillion in assets under administration, SS&C GlobeOp is the leading fund administrator in the world. We pride ourselves on upholding world-class standards in our technology and service offerings, paired with deep knowledge of local markets and regulations. We look forward to bringing local and global managers looking to invest in Abu Dhabi’s falcon economy flexible, tailored solutions to support their growth.”
Arvind Ramamurthy, chief of market development at ADGM said: “We congratulate SS&C Technologies on the inauguration of their office within ADGM, showcasing their steadfast dedication to Abu Dhabi. SS&C's establishment underscores the burgeoning prospects for financial entities, fund managers, and alternative investment firms in the region, affirming Abu Dhabi's appeal as the preferred hub for such companies."
