Investment manager selects combined HiPortfolio and HiTrust solution, signaling first Australian client win from SS&C following the DST acquisition
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that innovative alternative asset manager, Global Merces, has selected SS&C’s leading investment accounting, asset servicing and mutual fund platforms, HiPortfolio and HiTrust. Global Merces is the first Australian client to take advantage of an integrated solution from SS&C following the DST acquisition earlier this year.
The expanded solution addresses a key demand by Australian boutique fund managers – the ability to leverage proven platforms and fully service the Australian fund management sector. Global Merces selected HiTrust’s unit registry and pricing solution because it offered the fastest time-to-value implementation and is fully integrated with SS&C’s investment accounting platform, HiPortfolio.
“From the outset, we were impressed with SS&C’s deep industry knowledge and their flexible and innovative solutions. The implementation process moved very quickly and we are now going live on a market leading platform in an incredibly short period of time,” said Holly Grofski, Managing Director and Chief Executive Office of Global Merces. “Global Merces has ambitious plans in the region and globally. In SS&C, we are confident we have a long-term partner who shares our dynamic and innovative approach, and who will work with us to support our ambitions.”
Global Merces will use SS&C’s combined solution to manage increasing regulatory complexity with the ability to incorporate tax and accounting methods (such as Australian Book of Record or ABOR). By choosing to self-administer its mutual funds using HiTrust’s market leading technology, Global Merces will reduce the time spent on operational tasks and controls, while increasing the capacity for exceptional client service.
“We are pleased to partner with firms, such as Global Merces, to overcome operational barriers to growth by delivering just-in-time technology,” said Bill Stone, Chairman and Chief Executive Officer. “This scalable solution can support both large and specialty fund managers who are looking for compelling software solutions.”