Aberdeen Standard Investments (ASI) has signed a multi-year transfer agency services contract with SS&C Technologies until 2025.
SS&C helped the UK asset manager giant consolidate and standardise its investor servicing across the combined Aberdeen and Standard Life global operations, following their landmark £11 billion merger in 2017.
SS&C began working with ASI last year to streamline its end-to-end investor servicing processes and is now expanding ASI’s services post-merger.
“The execution of the conversion was achieved against a very aggressive timeline and SS&C provided our investors with a high quality of service as well as future-proofing our investor servicing,” said Mike Tumilty, COO of Aberdeen Standard Investments.
According to a statement, over the past few months, SS&C has supported ASI’s 150,000 clients across a range of investments including OEICs, ISAs, life and pensions and investment trusts.
“We have exciting times ahead exploring opportunities and evolving our partnership to provide the highest level of service to ASI and its clients,” said Nick Wright, CEO of Funds and IT at SS&C Technologies.
SS&C has signed on a number of leading buy-side firms and financial institutions in recent months to its various automated middle- and back-office platforms.
These include Indonesian mutual fund PT Bahana TCW Investment Management which went live with SS&C Technologies’ middle-to-back office investments operations platform, PORTIA, in order to automate its portfolio and fund accounting.
Federal Home Loan Bank of Chicago had also selected SS&C’s EVOLV platform to enhance automation and analytics, and Omaha-based life insurance firm WoodmenLife adopted SS&C’s Precision LM software to enhance reporting and portfolio management.