GC North America Industry Person of the Year shortlist announced

By November 15, 2017 10:10 AM GMT

Rahul Kanwar, executive vice president and head of SS&C GlobeOp, SS&C Technologies

In any conversation you might have about consolidation in the hedge fund administration space, you can expect SS&C Technologies and Rahul Kanwar to pop up.

As head of GlobeOp, SS&C Technologies’ alternative assets business, he has been on the front line, growing its assets under administration exponentially through to a number of M&A deals.

Kanwar’s efforts were rewarded in September this year when he was named as executive vice president for SS&C Technologies, the latest promotion in his 12-year career with the technology vendor.

Joining in 2005 when the company acquired Eisner fund administration, Kanwar he has been instrumental in the growth of this business unit both organically and through acquisitions, with the aim to become the number one fund administrator globally.

The biggest moves for Kanwar’s team over the past couple of years were undeniably the acquisitions of hedge fund administration businesses from Citi and Wells Fargo.

Its ability to utilise its technological prowess has been vital in the growth of the business.

“The thing that makes me excited about being a part of what we are trying to do here is how everything comes back to technology. I think has been consistent and is probably one of the big reasons why SS&C has been successful in this space,” Kanwar said to Global Custodian in September.

It is because of this that SS&C has been able to win a number of key deals that has helped boost revenues for the business.

Going forward, advancing new technologies such as artificial intelligence and machine learning and robotics is high on Kanwar’s agenda. With this will be a new emphasis on data within the fund administration business.

“We are doing all kinds of activities around those with a huge amount of data, in order to understand what needs to happen to process this. Ultimately, what we are working towards is more and more automation. Our clients are very interested in how they interact and which technologies they will have access to,” Kanwar said.