SS&C Technologies Holdings, Inc. (SSNC) announced today that BT, a leading Australian wealth management business, has entered into a long-term agreement with SS&C Global Investor and Distribution Solutions (GIDS) for unit registry services. SS&C’s Managed Fund Administration team will provide unit registry services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions. This marks a significant shift for BT, as they previously managed these services in-house.
The partnership aims to enhance BT’s investor experience by providing improved digital access to information and automating processes for greater efficiency. Shaun McKenna, Head of SS&C GIDS, Australia, expressed excitement about the collaboration, highlighting their commitment to delivering a market-leading experience from day one. SS&C’s extensive experience in digitalizing and transforming asset manager operations positions them well to support BT’s growth strategy.
SS&C GIDS, the world’s largest transfer agent and unit registry, boasts a global client base of over 1,000 entities, processing more than 200 million transactions annually. Their comprehensive solutions cover the entire investor lifecycle, offering a range of services that streamline operations, boost product diversification, and deliver state-of-the-art digital interactions.
BT, a subsidiary of Westpac Group, boasts a 50-year legacy of providing wealth management services, including investment solutions, and supporting financial advisors. They are a leading player in the Australian market, committed to fostering a thriving environment for quality financial advice.
SS&C Technologies 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, with offices worldwide. Their expertise, scale, and technology are trusted by over 20,000 organizations, ranging from global giants to smaller firms in the financial services and healthcare sectors.
This partnership between SS&C and BT is poised to enhance the investor experience, streamline operations, and support the continued growth of both organizations within the dynamic Australian wealth management landscape.
