SS&C announces key DST-related changes

While much Australian attention around financial services technology company SS&C has focused on its acquisition intentions towards superannuation administrator, Mainstream, some of its global decision-making has proved much more interesting, including a substantial restructure flowing from its 2018 acquisition of DST.

SS&C Technologies Holdings announced this week what it described as “several organisational changes to capitalize on growth opportunities in financial services” but which effectively drove changes resulting from its DST acquisition.

The changes see the exit of the general manager of DST’s financial services businesses, Michael Sleightholme.

The company announced that “effective immediately, SS&C will restructure the management of former DST financial services products and services offering to further align and integrate teams”.

It said the new organizational structure would accelerate technology innovation and strategic product development in rapidly evolving markets and enhance the overall customer experience.

The announcement said that SS&C Global Investor and Distribution Solutions (GIDS) would focus on the evolution and elevation of global transfer agency and investor services with its general manager, Nick Wright, focusing focus on strategy, innovation and product development and overseeing international client delivery.

It said SS&C ALPS Advisors would continue to focus on innovation in the ETF, Mutual Fund, and Alternative Investment markets. Led by Laton Spahr, SS&C ALPS Advisors is a leading provider of investment management insight and solutions for advisors and institutions with $17.5 billion under management as of March 31, 2021.

“SS&C Retirement Solutions, led by Kevin Rafferty, will focus on digital transformation within the retirement market. SS&C Retirement Solutions has grown a community of more than 300 clients servicing more than 11 million plan participants. Over the last several months, SS&C Retirement has formed new partnerships with the world’s leading retirement institutions.

It said Wright, Laton Spahr and Kevin Rafferty will report to Rahul Kanwar, President and COO.

SS&C ALPS Fund Services, led by Una Troy, and SS&C Brokerage Services, managed by Nicole Greene, will become part of SS&C GlobeOp, the world’s largest independent fund administration business. Una and Nicole will report to Ken Fullerton, General Manager of SS&C GlobeOp Hedge Fund Services. In addition, SS&C is combining its Private Equity and Real Assets offering. Bhagesh Malde will oversee the newly created SS&C GlobeOp Private Markets Group as General Manager.

The announcement said SS&C’s Intelligent Automation Solutions, overseen by Gautam Moorjani, will join SS&C’s Regulatory and Analytics team reporting to Michael Megaw.