WINDSOR, Conn., July 8, 2014 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that SS&C GlobeOpi has obtained Financial Conduct Authority (FCA) approval for its Depositary "Lite" service offering. The recently launched service helps managers of non-EEA AIFs in fulfilling their Alternative Investment Fund Manager Directive (AIFMD) requirements.
SS&C will help managers comply with various aspects of the AIFMD including functions relating to asset verification, cash flow monitoring and oversight services.
"We have been operating as a Depositary 'Lite' under the transitional provision for a number of months and we are delighted to now receive our full authorization," said Des Pierce, Senior Director, SS&C GlobeOp.
"We've seen strong interest in our Depositary 'Lite' service and signed up several fund managers to date," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We look forward to adding value to current and future customers with this offering and developing future enhancements as regulations continue to evolve."
i GlobeOp Markets Limited is the regulated entity under which SS&C GlobeOp will provide their Depositary "Lite" services. GlobeOp Markets Limited is a wholly owned subsidiary of SS&C.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 6,900 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
CONTACT: For more information Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738 E-mail: InvestorRelations@sscinc.com Justine Stone Investor Relations Coordinator Tel: +1- 212-367-4705 E-mail: InvestorRelations@sscinc.com Media Contacts Caroline Beer Metia (UK) Tel. +44 (0)20 3100 3796 Email: firstname.lastname@example.org Kelly Holman BackBay Communications (US) Tel: +1 212 520 1385, ext. 4 Email: email@example.com