Windsor, Connecticut
06 December 2016
Reporter: Drew Nicol
SS&C snaps up Wells Fargo’s GFS segment
SS&C Technologies has acquired Wells Fargo's global fund services (GFS) business.

The GFS business offers administration, middle-office, operations and collateral management services for $42 billion in alternative assets.

It will be integrated into SS&C's alternative assets business group and be managed by Chris Kundro, head of Wells Fargo GFS.

SS&C will add more than 250 employees and 130 fund relationships in Hong Kong, London, New York, Minneapolis and Singapore to its books.

Bill Stone, chair and CEO of SS&C Technologies, said: "SS&C continues to enhance its position as the single source for our clients' entire middle and back-office needs, bringing significant new hedge, private equity and real estate capabilities."

Chris Kundro, managing director at SS&C GlobeOp, added: "We are delighted to have found a good home for our customers and staff and look forward to bringing them even more products, services and value through the SS&C offering."

"We plan to further accelerate our growth by leveraging SS&C's technology and global footprint to increase our capabilities and expand our market reach."

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Clearstream sees slight April upticks
22 May 2016 | London | Reporter: Stephanie Palmer
According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
Asset managers tackle Chinese bond market issues
19 May 2017 | Beijing | Reporter: Drew Nicol
Hong Kong asset managers met in Beijing to discuss the challengers surrounding China’s lucrative bond market
RBC wins Irish assets mandate
18 May 2017 | London | Reporter: Drew Nicol
Royal Bank of Canada has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund
Deutsche Bank adds to Pacific Life mandate
17 May 2017 | New York | Reporter: Drew Nicol
Deutsche Bank's fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
More fund services news