SS&C Technologies Holdings, Inc. (SSNC) Wednesday has announced the extension of its transfer agency agreement with T. Rowe Price, a global investment management firm, for its U.K. fund range.
SS&C will continue to provide transfer agency services for T. Rowe Price's open-ended investment company - OEIC funds, which manage around £1.5 billion in assets.
Denise Thomas, Chief Operating Officer of T. Rowe Price for EMEA, praised SS&C's distribution solutions for enabling excellent service in the U.K. market. She highlighted SS&C's market knowledge, platform stability, and efficient trading and settlement functionality as key differentiators.
SS&C administers 21 of T. Rowe Price's active funds, focusing on distributors and nominees. Their services include straight-through processing of trades, settlement support, and comprehensive reporting via SS&C's secure distributor portal.
Damien Barry, head of SS&C GIDS, EMEA, expressed excitement about continuing the partnership with T. Rowe Price, emphasizing SS&C's commitment to providing advanced technology and expertise to support their partners' growth in the U.K. and globally.
Wednesday SSNC closed at $77.86 or 8.20% higher and is currently trading after hours with no movement on the Nasdaq Global Select Market.
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