For Immediate Release
Brightway Asset Management Taps SS&C as its Fund Administrator
Hong Kong asset manager selects SS&C GlobeOp for its fund administration, risk and managed account operational expertise
WINDSOR, CT, February 21, 2018 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Brightway Asset Management Limited (Brightway), an indirect wholly owned subsidiary of China Minmetals Corporation (CMC), principally engaged in asset management, appointed SS&C GlobeOp as its fund administrator.
The selection of SS&C GlobeOp was based on the platform’s strong functionality, ability to manage both fund administration and risk management and to handle a broad range of funds. Brightway was impressed by SS&C’s extensive suite of solutions and services coupled with the client-centric team able to provide strong onshore support. Ken Peng, CIO, Brightway, explains:
“Our firm has funds with complex structures and rules so SS&C’s ability to service different types of structures was key. Additionally, we wanted a solution which could scale as we expand. We look forward to seeing the benefits of automation, yet maintaining high levels of client servicing.”
Risk management and compliance were also high on Brightway’s list. SS&C GlobeOp’s proven track record in these areas will help to streamline producing the required regulatory reporting. Brightway also cited SS&C GlobeOp’s regional team as beneficial, both for implementation and for quickly meeting daily needs.
“This project provides a fantastic opportunity for Brightway to standardize and automate its operations from the front- to back-office and achieve optimized productivity through SS&C GlobeOp’s leading platform and expert teams,” said Wout Kalis, Managing Director, Regional Head of Hedge Fund Services, SS&C GlobeOp. “This significant and exciting new relationship underscores our commitment to delivering world class solutions to our clients and the power of SS&C’s integrated solutions and services for asset managers globally.”
About China Minmetals
Headquartered in Beijing, China Minmetals is formed from two Global Fortune 500 companies, namely China Minmetals and China Metallurgical Group. China Minmetals is China’s largest, international metals and minerals corporate group. Brightway oversees the company’s asset management arm.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.
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