SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced an initial agreement with Insignia Financial (Insignia) to deliver superannuation member administration services. Insignia Financial supports around 1.1 million superannuation fund members through its wealth management offerings.
Upon signing a final binding agreement, more than 1,000 team members in seven offices across Australia will transfer from Insignia to SS&C. The team will then leverage SS&C’s in-house technology to automate processes and streamline operations while providing top-notch service delivery to Insignia’s customers alongside SS&C’s experts.
“As a leading global provider of retirement solutions, SS&C is a trusted partner with extensive expertise in fund administration. We anticipate the collaboration with SS&C will provide our more than 1.1 million members with an improved experience delivered by contemporary technology, our people with the opportunity to be part of a large global enterprise, and greater cost efficiencies,” said Insignia Financial’s CEO Scott Hartley.
“We look forward to welcoming Insignia Financial staff to the team and working closely with our new colleagues,” said Bill Stone, Chairman and CEO. “Insignia Financial is one of the largest wealth management businesses in Australia and will be our largest client in Australia. This collaboration will put SS&C one step closer to becoming the leading superannuation administration provider in the region. As more funds look to partner with trusted external providers, we look forward to delivering the best technology and service to optimize superannuation administration for Australia’s investors.”
