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Kenanga Investors Berhad Selects SS&C PORTIA for its Investment Operations Platform
Top Malaysian asset manager chooses SS&C PORTIA's multi-currency functionality and comprehensive reporting capabilities
WINDSOR, CT, September 5, 2013 (GLOBE NEWSWIRE) - SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Kenanga Investors Berhad (KIB), a wholly owned subsidiary of K & N Kenanga Holdings Berhad, has selected SS&C PORTIA, a leading middle-to-back office investment operations platform, to support its investment management business in Kuala Lumpur, Malaysia.
Building on a companywide growth strategy, KIB needed an operations solution that could support their expanding multi-currency needs and provide the flexibility to address their extensive reporting requirements. SS&C PORTIA's comprehensive global securities coverage, powerful multi-currency capabilities and advanced reporting capabilities, provided the ideal solution to meet KIB's business requirements.
"As we continue expanding our market we need the ability to bring new products and investment strategies to market quickly and at the same time, meet the evolving regulatory and client reporting requirements," said Abdul Razak Bin Ahmad, Chief Executive Officer, Kenanga Investors Berhad. "SS&C PORTIA's proven global investment accounting capabilities will streamline our investment operations processes, allowing us to provide a diverse offering to meet our clients' investment needs."
"We are pleased to be able to provide Kenanga Investors Berhad with a middle-to-back office solution that meets their complex, global needs," said Christy Bremner, Senior Vice President and General Manager, SS&C PORTIA. "Asia has been a long time focus for SS&C PORTIA, we are delighted to support the diverse needs of asset managers throughout the APAC region."
SS&C PORTIA provides a broad set of middle-to-back office capabilities to allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance.
KIB is a wholly-owned subsidiary of Kenanga Investment Bank Berhad ("KIBB"), the largest independent investment bank by equity trading value and volume*. The company is licensed to perform regulated activities of fund management, dealing in securities (restricted to unit trust), investment advice and dealing in Private Retirement Scheme under the Capital Markets and Services Act (CMSA) 2007.
The company provides investment solutions ranging from collective investment schemes, portfolio management services and alternative investments for retail, corporate and institutional clients. KIB is reputed for winning fund performance awards.
*year to date based on Bursa Malaysia's Participating Organisations Trading Summary
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.
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