SSNC - Marlborough's Investment Fund Services Ltd Enters Strategic Partnership with SS&C | Benzinga
Agreement creates a 'centre of excellence' for fund administration in the U.K.
WINDSOR, Conn., June 24, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced a strategic partnership with U.K. investment management and fund solutions group Marlborough.
SS&C has signed a long-term agreement with Investment Fund Services Limited (IFS), which is Marlborough's authorised corporate director (ACD) and authorised fund manager (AFM) business*. Under the agreement, SS&C will provide fund accounting, middle-office and transfer agency** services for the funds for which IFS acts as ACD or AFM.
The funds, which have more than GBP16 billion of assets under management, include Marlborough's range of 19 funds and those operated by more than 20 other investment management companies and other financial services businesses in the U.K.
IFS previously provided these fund administration services in-house and will concentrate on its role as ACD or AFM for the funds. This role includes taking ultimate responsibility for a fund's compliance with Financial Conduct Authority regulations and ensuring it is managed in the best ...