San Francisco
16 December 2016
Reporter: Stephanie Palmer
SS&C to acquire Conifer Financial Services
SS&C Technologies Holdings has agreed to acquire independent asset servicing provider Conifer Financial Services for $ 88.5 million, subject to customary adjustments.

Conifer has 200 clients worldwide with $110 billion of combined assets under management. The firm will continue to be led by its current senior management team.

According to SS&C, the acquisition is intended to improve its position on the West Coast of the US. Headquartered in San Francisco, Conifer also has offices in New York, Singapore and Nova Scotia.

It will also accelerate Conifer’s growth plans and allow it to increase its speed of innovation.

Bill Stone, chairman and CEO of SS&C Technologies, said: "Conifer shares SS&C’s vision on delivering high quality services to solve real customer problems. We are delighted to add its talented team to our roster.”

He added: “We look forward to leveraging our technology and services to immediately deliver greater value to existing and new clients."

Jack McDonald, CEO of Conifer, added: “SS&C’s innovations in cloud and mobile technology are transforming asset servicing. We look forward to introducing this winning strategy to our customers and new markets.”

More Industry 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
Northern Trust: Investors are taking transparency seriously
20 June 2017 | Chicago | Reporter: Stephanie Palmer
Transparency is an increasingly important factor when considering investment into both traditional and alternative assets
Clearstream’s ETF assets surpass €300 billion
20 June 2017 | Frankfurt | Reporter: Stephanie Palmer
Clearstream has seen a 25 percent increase in its custody business for exchange-traded funds over the last 12 months, with ETF assets under custody passing the €300 billion mark for the first time in May
Middle-office outsourcing may be set to increase among institutional investors in Asia, according to a survey conducted by Northern Trust
SIX launches new SSI tool
19 June 2017 | Zurich | Reporter: Drew Nicol
SIX Securities Services has launched an advanced settlement service to enable financial institutions to process their settlement instructions directly from the trading system
Fintech providers Misys and D+H to merge
15 June 2017 | London | Reporter: Drew Nicol
Technology providers Misys and D+H are joining forces to bring their combined fintech power to bear as a single global financial software provider
Northern Trust commits to Ireland
12 June 2017 | Limerick | Reporter: Drew Nicol
Northern Trust has committed to expanding its operations in Ireland with the addition of 400 new roles over the next five years
BNP Paribas: ESG investment seeing increased interest
25 May 2017 | London | Reporter: Stephanie Palmer
The survey report noted that 77 percent of asset owners already incorporate ESG aspects into their strategies
More Industry news