WINDSOR, Conn., June 11 — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has expanded its longstanding relationship with M&G, a leading savings and investment firm. SS&C will take on the operational management of the M&G Platform, strengthening service delivery and operational resilience. M&G retains full ownership of the Platform and responsibility for all key strategic, regulatory and commercial decisions.
Under the extended agreement, SS&C Global Investor & Distribution Solutions will manage operations for the M&G Platform, a key distribution channel for M&G’s £70bn market-leading smoothed PruFund. Using SS&C’s scalable private cloud infrastructure will enable the Platform to continue to scale in line with adviser and client needs.
As part of the agreement, around 200 M&G employees will transition to SS&C, subject to a consultation process. This will ensure continuity of expertise and day-to-day operations. Employees joining SS&C will benefit from expanded career development and learning opportunities within a global technology and services organization.
The announcement builds on M&G’s 20-plus year relationship with SS&C. M&G uses a range of SS&C offerings across its asset management and life businesses, including business process outsourcing and policy administration services.
“We are pleased to extend our long-standing partnership with M&G,” said Spencer Baum, Head of SS&C Global Investor & Distribution Solutions, Europe. “As the U.K. wealth management industry continues to adapt to evolving customer needs and market trends, firms are increasingly focused on providing a modern investor experience while optimizing operational efficiency. We look forward to welcoming M&G’s team on board and working together to enable exceptional service to advisers and clients.”
“Today’s announcement marks an important next step for our Platform,” said Tom Bischler, CEO of the M&G Platform. “Expanding our relationship with SS&C will help us accelerate our ambitions, strengthen our operations and support the continued growth of our market-leading investment solutions, such as PruFund across the retail advised market. This enables us to focus on innovation and enhancing the adviser and customer experience, while positioning the Platform for long-term success. Deepening our long-standing relationship with SS&C reflects the shared experience and commitment of both organisations and the hard work of our teams.”