SS&C secures approval for new wealth management service in Ireland

US-based fiscal bundle supplier SS&C Technologies has secured support from the Central Bank of Ireland for its caller entity, SS&C Wealth Services Europe.

The licence support was granted nether the European Union (EU) Markets successful Financial Instruments Directive (MiFID).

The institution tin present supply a scope of wealthiness absorption exertion and services to fiscal institutions crossed the EU from its Dublin base.

SS&C said the determination builds connected its existing wealthiness absorption operations successful the UK and supports its strategy to connection a pan-European level for wealthiness management.

SS&C planetary capitalist and organisation solutions planetary caput Nick Wright said: “This milestone marks an important measurement successful our European maturation strategy.

“The MiFID authorisation gives america the flexibility to bring our proven wealthiness absorption capabilities to clients crossed Ireland and Europe, helping them modernise their operations and conscionable evolving lawsuit and regulatory expectations.”

The caller entity, SS&C Wealth Services Europe, aims to assistance fiscal institutions successful upgrading and expanding their wealthiness absorption activities.

The Dublin-based steadfast volition present SS&C’s integrated wealthiness platform, custody, and back-office services.

SS&C employs implicit 550 unit successful Ireland, managing implicit €95bn successful assets crossed each money structures and €25bn successful Life & Pension products.

The institution supports backstage wealthiness assets of much than $6.1tn nether absorption for implicit 3,000 firms crossed the world.

IDA Ireland is simply a authorities bureau liable for attracting and supporting overseas nonstop concern successful the country.

With a web of planetary offices, the organisation helps planetary companies seeking to found oregon turn their operations successful the country.

IDA Ireland CEO Michael Lohan said: “SS&C’s announcement further underscores Ireland’s presumption arsenic a starring determination for planetary firms successful the fiscal services sector.

“The operation of a talented workforce and a unchangeable pro-business situation proceed to pull companies looking to entree wider planetary markets.”

"SS&C secures support for caller wealthiness absorption work successful Ireland " was primitively created and published by Private Banker International, a GlobalData owned brand.

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