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Top China-based Asset Management Firm Extends Partnership with SS&CPing An Asset Management Company renews and expands SS&C HiPortfolio license to support rapid business growth WINDSOR, Connecticut, Aug. 29, 2017 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Ping An Asset Management ("PAAMC") has signed a five-year commercial framework with SS&C HiPortfolio to support its fast growing asset management business in China. A fully owned subsidy of Ping An Group and located in Pudong, Shanghai, PAAMC is a leading Chinese asset management company with approximately RMB 2.4 trillion (USD$360 billion) assets under management. SS&C will provide PAAMC with complete back office functionality via a single platform providing flexible and comprehensive control over fund administration, investment acconting, and asset servicing operations. SS&C HiPortfolio will also help PAAMC comply with recent regulatory changes from IFRS 9 regarding classification and measurement of financial instruments and impairment of financial assets. "With SS&C's reputation, deep expertise, and track record of success, PAAMC will improve operational efficiency and ensure a stable back office function," said Ms. Yu Wenjie, Chief Risk Officer and Deputy General Manager of PAAMC. "Under the new cooperation framework, SS&C HiPortfolio will help lower PAAMC's total cost of operations, and provide a platform that supports their rapid business growth in China's dynamic market," said Christy Bremner, Senior Vice President, SS&C Institutional and Investment Management. "We are pleased that HiPortfolio is PAAMC's solution of choice for its business transformation and future growth." Financial services organizations in China have been leveraging SS&C HiPortfolio for more than a decade. A key factor contributing to the success of this solution within organizations has been SS&C's strong local presence and a deep understanding of regional investment management practices, combined with world-class technology. About SS&C Technologies Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587 SOURCE SS&C |