WINDSOR,
Conn., June 12, 2024 /CNW/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) is expanding its global
footprint with a new office in India's Gujarat International Finance
Tec-City (GIFT City). The International Financial Services
Centres Authority has licensed SS&C GlobeOp to provide fund
administration and compliance services to alternative investment
funds (AIFs) and other funds domiciled in the economic opportunity
zone.
SS&C has more than $19 billion in assets under administration in
India. Arun Baldwa will lead the GIFT City
office.
Kedaara Capital and Multiples Alternate Asset Management are
among SS&C's clients with AIFs in GIFT City, with more in the
pipeline.
"There is tremendous opportunity in GIFT City, and we
are excited to be part of it," said a representative from Multiples
Alternate Asset Management.
"SS&C's experience as the world's leading alternative funds
administrator makes the firm a great partner to help support us as
we grow. We look forward to working with SS&C's team on the
ground to support our daily operations," said a representative for
Kedaara Capital.
The fund administration offering in GIFT City complements
SS&C's extensive fund administration business across
India. SS&C first expanded
into the country in 2003. Among Indian fund administration clients,
SS&C services more than $19
billion in assets under administration. SS&C has 12
offices in India and employs 7,500
staffers servicing clients across fund services, transfer agency
and brokerage. Arun Baldwa, Senior
Director, will lead the new office in GIFT City.
"We are excited to grow our presence in India further with the new GIFT City operating
license and on-the-ground presence," said Bhagesh Malde, Head of SS&C GlobeOp. "As the
world's leading alternatives fund administrator with more than
$2 trillion in assets under
administration, we have experience handling all operational needs
for various intricate fund structures across domiciles and
regulatory and tax regimes. An on-the-ground presence in GIFT City
further cements our deep commitment to India. We look forward to working even closer
with our clients as they set up funds in this exciting new
epicenter of global finance and IT."
The fund management industry has been growing rapidly in GIFT
City, with many domestic and foreign firms taking advantage of the
benefits. More than 80 fund managers with commitments of more than
USD30 billion have set up in the
economic opportunity zone in the last 3 years, according to
IFSCA.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE SS&C