SS&C expands European wealth management with Irish MiFID license

DUBLIN - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has established SS&C Wealth Services Europe Ltd. after receiving authorization under the Markets in Financial Instruments Directive (MiFID) from the Central Bank of Ireland, according to a company press release.

The license allows SS&C to deliver its wealth management technology and services directly across the European Union from its Dublin hub. The new operation builds upon the company’s existing U.K. wealth management business to create a pan-European platform.

The Dublin-based business will focus on helping financial institutions modernize their wealth operations through SS&C’s integrated wealth platform, custody, and back-office services.

"The MiFID authorization gives us the flexibility to bring our proven wealth management capabilities to clients across Ireland and Europe, helping them modernize their operations and meet evolving client and regulatory expectations," said Nick Wright, Global Head of SS&C Global Investor & Distribution Solutions.

SS&C currently employs more than 550 professionals in Ireland, servicing over EUR 95 billion in assets across all fund structures and EUR 25 billion in Life & Pension products.

Michael Lohan, CEO of IDA Ireland, noted that the announcement "further underscores Ireland’s position as a leading location for global firms in the financial services sector."

The company supports more than USD 6.1 trillion in private wealth assets under management at over 3,000 firms worldwide. According to the European Fund and Asset Management Association, European investors’ fund ownership grew by EUR 2 trillion in a single year to a total of EUR 18.6 trillion at the end of 2024.

SS&C Technologies, headquartered in Windsor, Connecticut, provides services and software for the financial services and healthcare industries.

In other recent news, SS&C Technologies Holdings, Inc. reported third-quarter results with total revenue and adjusted EBITDA both surpassing DA Davidson’s forecasts by 2%. Additionally, the company has completed its acquisition of Curo Fund Services, a South African fund administration provider, adding approximately R3 trillion (USD 170.4 billion) in administered assets to its portfolio. SS&C Technologies announced a quarterly dividend of $0.27 per share, consistent with its established policy, payable on December 15, 2025. UBS has reiterated its Buy rating on SS&C Technologies, maintaining a price target of $112, citing the company’s strategic acquisitions as a reason for its positive outlook. DA Davidson also reiterated a Buy rating with a $102 target, reflecting confidence in SS&C’s financial performance. Furthermore, SS&C launched an AI agent catalogue aimed at simplifying operations for financial services and healthcare companies. American Life & Security Corp. is among the first to evaluate this technology to automate its private credit operations.

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