Salient Partners, a US-based asset management firm, has selected SS&C Technologies to run its outsourced middle office and accounting and regulatory processes.
Under the deal, Salient will use SS&C’s Geneva, GoTrade+ as well as other outsourced services to streamline its accounting and middle office processes.
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Additionally, Salient will also deploy SS&C’s regulatory solutions for Form PF as well as the CFTC and NFA’s CPO-PQR requirements.
SS&C said that these services are part of a suite of regulatory and compliance offerings, also incluidng solutions for FATCA, Form 13F, Open Protocol, and European regulatory initiatives such as AIFMD.
In 2015, Salient Partners purchased of Forward Management creating a $27bn diversified asset management firm.
SS&C Technologies global head of middle office solution GoTrade+ Jon Anderson said: "Following its acquisition of Forward, Salient found itself managing multiple installations of accounting platforms. Migrating the combined firm to outsourced middle office, accounting and regulatory services will achieve significant operational efficiencies.
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By GlobalData"This provided an excellent opportunity to demonstrate to Salient how they could benefit from the integration of all of our solutions under the SS&C umbrella."
