SS&C has expanded its fund administration business in the UAE by opening its new office in Abu Dhabi. The office will be led by Katarzyna Lupa-Nowicka, head of private markets operations for the Middle East and David Forrester, head of hedge operations for the Middle East.
The Financial Services Regulatory Authority has granted SS&C full approval to deliver fund administration services within the Abu Dhabi Global Market (ADGM).
The newly established office in the Al Maqam Tower enables SS&C to offer end-to-end hands-on fund administration services to clients.
Bill Stone, chairman and CEO of SS&C, comments: "With more than US$2 trillion in assets under administration, SS&C GlobeOp is the leading alternatives fund administrator in the world. We uphold world-class standards in our technology and service offerings, paired with knowledge of local markets and regulations.”
Arvind Ramamurthy, chief of market development at ADGM, says: "SS&C's establishment underscores the burgeoning prospects for financial entities, fund managers, and alternative investment firms in the region, affirming Abu Dhabi's appeal as the preferred hub for such companies.
“With ADGM’s regulatory framework and opportunities within its international financial centre, Abu Dhabi stands resolute as the destination for distinguished companies seeking growth."
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