New business unit will derive maximum value from SS&C's wealth of cloud-based products and services to address specific needs of private capital market
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a leading global provider of financial services software and software-enabled services, today announced a new business unit focused on meeting the unique needs of the private capital market. SS&C has appointed Bob Shepro to the position of Senior Vice President, responsible for heading this new area of the business.
SS&C's Private Capital Business Unit will focus on supporting family offices, foundations and endowments. The business will draw on SS&C's wide range of products and services to offer customized solutions, addressing the specific needs of this market across the globe.
"We are committed to addressing a gap in the private capital market," explained Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Our integrated suite of cloud applications and services, including the addition of Advent's solutions for the family office market, put us in a strong position to deliver benefits including greater levels of control, efficiency, timeliness and cost reduction. Bob is very talented and proven in this industry and we wanted to bring in the best person to head this important new initiative for us."
Mr. Shepro rejoins SS&C where he previously headed product strategy in the late 1990s after SS&C's acquisition of his company Shepro Braun Systems and its flagship product Total Return. Most recently, Mr. Shepro was a managing partner of the consultancy Windward Advisory Group. In his new role leading the Private Capital Business Unit he will report to Rahul Kanwar, Senior Vice President and Global Head of Alternative Assets.
"I am impressed with the scope of services and market-leading cloud-based software products that SS&C has acquired, integrated and enhanced over the years," said Bob Shepro. "Through our co-sourced technology and services platform SS&C is ideally positioned to offer bespoke solutions to deliver efficiency savings and meet the unique needs of family offices and other private capital firms."
The core of SS&C's cloud-based solution, which can be applied to the private capital market, includes data aggregation, integrated investment, financial, partnership and trust accounting, cash management, performance and risk management, tax reporting and automated workflow management.