The Riyadh office will help SS&C’s Middle East expansion efforts.
Issa Jadon
SS&C Technologies is opening an office in Riyadh, the capital of Saudi Arabia, that will be headed by Issa Jadon, director, strategic accounts, who will help the post-trade systems and services provider develop its working relationship with the Capital Markets Authority and the Saudi Arabian Monetary Agency, officials say.
The move into the financial hub also expands SS&C’s global footprint.
“SS&C’s Middle East business serves 850 financial institutions and corporate clients — 150 of these clients are in Saudi Arabia,” according to the announcement from SS&C, which offers solutions for investment management, risk management, automation, and deal services.
“We are pleased to see SS&C strengthen their presence here,” says Abdullah Al-Eisa, chief operating officer (COO) at Jadwa Investment, an SS&C client based in Saudi Arabia, in a prepared statement. “As their client for nearly two decades, we’ve experienced first-hand their innovative technological solutions, which have helped transform our investment operations. Establishing a new office in Riyadh signals a new chapter in our partnership, offering us more localized and tailored services.”
“With more than $3 trillion in investments likely under Saudi Arabia’s Vision 2030 economic transformation program, the Kingdom’s financial services market is expanding rapidly,” says Bill Stone, chairman and CEO of SS&C, in a statement.
SS&C was founded in 1986 and is headquartered in Windsor, Conn.
Need a Reprint?