WINDSOR: SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today introduced it has completed its acquisition of Hubwise Holdings Limited (“Hubwise”). Hubwise is a regulated B2B funding platform serving advisers, discretionary wealth managers and self-directed digital D2C propositions.
“We are happy to announce the completion of this strategic acquisition for SS&C,” said Bill Stone, Chairman and CEO. “The partnership demonstrates our dedication to the worldwide wealth market throughout the full spectrum of self-serve and adviser-driven propositions.”
Under the phrases of the agreement, approved by Hubwise shareholders, SS&C bought the agency in an all-cash transaction. The acquisition provides fifty eight employees serving fifty one customers within the U.K. Angus MacDonald will proceed to lead Hubwise and report back to Nick Wright, Head of Global Investor and Distribution Solutions (GIDS). SS&C is the largest global switch company provider, servicing greater than fifty five million investors.
Following the acquisition, SS&C will leverage its scale and funding in digital services to focus on the U.K.-advised retail funding market. The addition of Hubwise enhances SS&C’s capability to assist customers create extremely automated and environment friendly multi-asset, multi-currency and multi-wrapper strategies.
“We are all excited that the change of management is complete. Now, Hubwise can focus on delivering service excellence to our customers whereas including extra strategic worth for our customers to leverage through the broader SS&C partnership,” said Angus Macdonald, Chief Executive Officer at Hubwise.
Hubwise Securities is a ground-breaking, innovative and controlled technology business, based in 2012 and developed by a group of extremely skilled monetary services professionals.
The Hubwise service is constructed on 4 core components; Technological Innovation, Multi-asset Execution, Investment Operations and Custody & Safeguarding of Assets.
Hubwise is regulated by the Financial Conduct Authority, is a member agency of the London Stock Exchange to allow management of execution throughout a number of asset types, is an HMRC-approved ISA plan supervisor and is a member of CREST.
SS&C is a global supplier of services and software program for the monetary services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices throughout the world. Some 18,000 monetary services and healthcare organizations, from the world’s largest companies to small and mid-market firms, depend on SS&C for expertise, scale, and technology.
www.ssctech.com