T. Rowe Price Strengthens Ties with SS&C for Fund Management
T. Rowe Price, a globally recognized investment management firm, has reinforced its partnership with SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) by renewing the transfer agency agreement for its U.K. fund range. This strategic collaboration will enable SS&C to continue delivering its transfer agency services, which are crucial for managing T. Rowe's open-ended investment company (OEIC) funds, amounting to approximately £1.5 billion in assets.
Denise Thomas, the Chief Operating Officer for T. Rowe Price in the EMEA region, spoke highly of SS&C’s contributions. She remarked, "SS&C's distribution solutions have been integral in helping us deliver best-in-class technology and servicing in the U.K. The team's knowledge and expertise in the market, coupled with the reliability of the trading and settlement platform, certainly make SS&C stand out from the competition." This sentiment underscores the commitment both companies have to excellence in service delivery.
As part of this agreement, SS&C administers a total of 21 active funds for T. Rowe Price, with a particular emphasis on serving distributors and nominees. The services offered by SS&C include straight-through processing for trades and robust settlement support, enhancing the efficiency of operations for T. Rowe Price. Additionally, clients benefit from comprehensive reporting accessible through SS&C's secure distributor portal, which reinforces the transparency and integrity of the investment process.
Damien Barry, head of SS&C's Global Investor and Distribution Solutions (GIDS) in the EMEA region, expressed enthusiasm about the ongoing collaboration: "We are excited to continue our partnership with T. Rowe Price. Our dedication to providing cutting-edge technology and extensive expertise positions us to support our partners' growth not only in the U.K. but globally as well. We are keen to work closely with T. Rowe Price to develop solutions addressing evolving market needs."
About T. Rowe Price
Since its establishment in 1937, T. Rowe Price (NASDAQ – GS: TROW) has been assisting individuals and institutions worldwide in achieving their long-term investment objectives. Recognized for investment excellence and a leadership position in retirement solutions, T. Rowe Price prides itself on delivering independent and thorough research. The firm is known for a culture centered on integrity, ensuring client interests are placed at the forefront of all operations. T. Rowe Price manages a remarkable $1.61 trillion in assets, with about two-thirds being retirement-related, a testament to its trusted management capabilities.
About SS&C Technologies
SS&C Technologies has emerged as a vital player in providing comprehensive services and software solutions for financial services and healthcare industries. Established in 1986 and headquartered in Windsor, Connecticut, SS&C operates on a global scale, serving over 22,000 organizations ranging from large enterprises to smaller firms. Through innovation and technological advancements, SS&C empowers firms to navigate the complexities of the financial landscape efficiently.
For more information regarding SS&C Technologies (NASDAQ: SSNC) and its offerings, interested parties can visit their official website. Engaging with SS&C through social media channels, including Twitter, LinkedIn, and Facebook, provides additional insights into the company's solutions and developments.
Frequently Asked Questions
What recent agreement has T. Rowe Price made?
T. Rowe Price has renewed its transfer agency agreement with SS&C Technologies, enhancing their relationship for managing U.K. funds.
What role does SS&C play for T. Rowe Price?
SS&C provides transfer agency services, facilitating the administration of T. Rowe’s OEIC funds in the U.K.
What type of technologies does SS&C implement?
SS&C implements cutting-edge technology solutions that focus on trading, settlement, and efficient reporting for its clients.
How much in assets does T. Rowe Price manage?
T. Rowe Price manages approximately $1.61 trillion in assets, with a significant portion linked to retirement accounts.
What is the historical significance of T. Rowe Price?
T. Rowe Price has been a cornerstone of investment management since its founding in 1937, specializing in retirement solutions and investment research.
