SS&C Fund Services, a subsidiary of SS&C Technologies, has been selected to provide fund administration services to a new managed account platform commissioned by E.I.M. S.A., a Swiss-based fund of funds manager founded by Arpad Busson.
In September 2009 Deutsche Bank was appointed to create the dedicated managed account platform, and is responsible for risk management.
SS&C Fund Services will provide fund accounting and fund administration services.
“Many leading asset managers are increasingly looking to diversify their product and service offerings, such as managed account platforms, and clients are turning to SS&C for our fund administration expertise,” said Bill Stone, chairman and chief executive officer, SS&C Technologies. “We’ve found clients that use our independent fund administration services benefit from better service, faster implementation times, predictable monthly fees and better transparency. Clients take comfort from knowing the full support of SS&C industry and technology experts are always there.”
SS&C Technologies has also acquired the thinklink business from TD Ameritrade. thinklink is an Internet-deployed trade order management system, execution system, liquidity engine and provides connectivity to algorithmic trading systems. The acquisition adds more than fifty institutional sell-side clients and seven staff based in Needham, Massachusetts.