SS&C Technologies has appointed a new lead for its tax services group within its fund administration buinsess, promoting one of its top managing directors to the position.
Christopher Madpak takes the helm of the operation after 17 years with SS&C GlobeOp, where he was most recently a managing director its private equity services division.
In the role, he will lead the group which provides customised tax preparation and analytics services to investment managers including hedge, private equity, real estate and hybrid funds.
Madpak will also focus specifically on strategy, innovation, product development and oversee client delivery.
“Chris’s expertise and dedication to client service made him a natural fit to lead the tax services group,” said Bill Stone, chairman and CEO of SS&C Technologies. “We are committed to helping our clients optimise their tax operations. In this turbulent time of market volatility, attention to tax efficiencies will be needed and expected by our customers, and we are well positioned to deliver.”
Last October, SS&C won a mandate from Connecticut-based hedge fund manager, Paloma Partners, which selected the administrator for a range of functions including tax services.
In Global Custodian’s 2019 hedge fund administration survey, SS&C scored 5.97 in reporting to tax authorities, 2.58% higher than the market average.
“SS&C has been a strategic partner for our firm, and their tax capabilities are well-trusted among our team,” said Jessica Archibald, managing director, Top Tier Capital Partners, in a quote within a statement from SS&C. “Their access to data, technology, and their deep expertise in taxation has allowed us to focus on our core business. As we grow in size and product scope, SS&C continues to help us meet the needs of an evolving tax environment.”