SS&C Technologies, a provider of financial services software and software-enabled services, has launched a private capital business unit that will focus on supporting foundations, endowments and family investment offices.
The company said that the new business will draw on its wide range of products and services to offer customized solutions, addressing the specific needs of this market across the globe.
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SS&C Technologies has hired Bob Shepro to lead the new unit as senior vice president. He most recently was a managing partner of the consultancy Windward Advisory Group.
Shepro in his new role will report to Rahul Kanwar, senior vice president and global head of alternative assets.
SS&C Technologies chairman and CEO Bill Stone said: "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."
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