The former Standard Life Aberdeen is adding to its long-term transfer agency relationship with SS&C GIDS.
Global investment company and asset manager Abrdn plc, formerly known as Standard Life Aberdeen, is continuing its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions (GIDS) for its U.K. and Luxembourg fund ranges and will extend that coverage for its Singapore efforts, officials report.
SS&C GIDS, which is part of SS&C Technologies, provides transfer agency services for Abrdn’s Open-Ended Investment Company (OEIC) and Life funds, officials say. The transfer agency support encompasses Abrdn’s retail, corporate, and institutional clients.
“SS&C’s Luxembourg team supports Abrdn across liquidity and Société d’investissement à Capital Variable (SICAVs) funds. Abrdn also leverages SS&C GIDS for its U.S. funds,” according to the announcement.
The latest contract “includes enhanced servicing to provide responsiveness to investors in Abrdn’s Luxembourg-domiciled funds,” officials say. “SS&C is partnering with Abrdn to simplify client reporting and enhance AML services to support their fund range.”
SS&C is partnering with Abrdn to enhance the services available through digital channels for its Singapore business, officials say.
“We are pleased to continue our long-standing relationship with SS&C in the U.K. and Luxembourg while extending it into Singapore,” says Martin Kwiatkowski, chief operating officer (COO), investments at Abrdn, in a prepared statement.
Abrdn manages and administers £505.9 billion ($660.9 billion) of assets for clients as of June 30, 2024, officials say.
SS&C provides services and software for financial services operations.
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