CSC has selected FIS to manage third-party administration services for its private equity and real estate clients.
Additionally, CSC will be employing FIS Investran and FIS Data Exchange as part of the partnership.
Meanwhile, Investran supports the entire investment lifecycle and automate front, middle, and back office processes for private equity and alternative investment firms.
CSC is initially rolling out the solution in the Asia-Pacific (APAC) region and is expected to expand its use to other offices around the globe.
Bill Popeo, president of CSC’s global financial markets business, said: “FIS has built a reputation as one of the most secure global technology providers serving fund administrators with the Investran and Data Exchange platform.”
“FIS, much like CSC, offers best-in-class systems, solutions, and service. This partnership is a significant value-add to our growing private equity administration, reporting, and accounting services.”
Martin Boyd, head of institutional and wholesale business, FIS, commented: “We are honoured to be selected as CSC’s administration solution for its fund administration clients. Our technology leadership along with CSC’s record of delivering the highest levels of service makes this a powerful combination.”
Chris Daly, vice president of CSC’s global financial markets in the APAC region, added: “Those partnerships happen when you team up with an organisation that understands your interests as much as their own.”
