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ICBC (Asia) Trustee Company Limited Leverages SS&C for Fund AdministrationWINDSOR, Conn., Dec. 17, 2018 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that ICBC (Asia) Trustee Company Limited (ICBC (Asia) Trustee), a subsidiary of Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)), is now live on Geneva World Investor as their fund administration solution.
ICBC (Asia) is the flagship of overseas banking business of Industrial and Commercial Bank of China Limited (ICBC), the largest commercial bank in China. As a global fund administrator who serves both traditional and alternative asset managers, ICBC (Asia) Trustee needed a solution with enhanced global capabilities and broad functionality. ICBC (Asia) Trustee selected Geneva World Investor for its global portfolio management and accounting solution, comprehensive instrument coverage, full financial general ledger and unlimited fund structures. By integrating the fund administration process and eliminating manual steps, Geneva World Investor significantly reduces the risk of error and improves accounting controls. According to Steven Wang, General Manager at ICBC (Asia) Trustee, "Our decision to choose Geneva World Investor was based on SS&C's proven expertisein the global alternatives market and their track record of success implementing premier solutions. The local development, implementation and support team in Hong Kong and Beijing was also a key consideration as it helped make the implementation seamless." "We are pleased to partner with ICBC (Asia)," said Mats Berggren, Vice President EMEA & APAC, SS&C Advent. "We are committed to delivering an outstanding platform to ICBC (Asia) so they have the tools and technology to provide their clients with unmatched value and investment insights. We welcome this as a significant addition to our growing client base in the region." About Industrial and Commercial Bank of China (Asia) Limited Industrial and Commercial Bank of China (Asia) Limited ("ICBC (Asia)") is a licensed bank incorporated in Hong Kong. It is the flagship of overseas banking business of Industrial and Commercial Bank of China Limited ("ICBC") – currently the largest commercial bank in China. It has 56 retail outlets (including 29 "Elite Club" Wealth Management Centres) in Hong Kong. It is engaged in commercial banking, investment banking and other financial services, including those of securities, insurance and funds, with a focus on commercial and retail banking as well as global market business. As at 30 June 2018, the total assets of ICBC (Asia) amounted to HK$975.2billion. Chinese Mercantile Bank and ICBC Asset Management (Global) Company Limited, two wholly-owned subsidiaries of ICBC (Asia), specialize in Renminbi services in mainland China and ICBC's global asset management business respectively. For more information about ICBC (Asia), please visit www.icbcasia.com. About SS&C Technologies SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and Facebook.
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