SS&C completes acquisition of Wells Fargo’s Global Fund Services business

(Opalesque) SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, announced it completed the acquisition of Wells Fargo’s Global Fund Services business, a provider of comprehensive administration, middle-office, operations, and cash/collateral management services.

GFS administers more than $42 billion in alternative assets. As a result of the acquisition, SS&C will add more than 250 employees and 130 fund relationships in Hong Kong, London, New York, Minneapolis and Singapore. The acquired GFS group will fold into SS&C’s Alternative Assets business group and will be managed by Chris Kundro, Head of Wells Fargo Global Fund Services.

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