Fund administrator SS&C is the latest global firm to set up a new business in the Middle East.
The US-based firm has opened an office in Abu Dhabi after gaining approval from the Financial Services Regulatory Authority to carry out fund administration services in the Abu Dhabi Global Market (ADGM).
SS&C has appointed Katarzyna Lupa-Nowicka, head of private markets operations in the Middle East, to lead the new office alongside David Forrester, head of hedge operations in the Middle East.
SS&C wins Dubai asset servicing mandate
Morgan Stanley opens Abu Dhabi office
According to SS&C, the Abu Dhabi office will enable it to offer “end-to-end hands-on fund administration” to its clients in the region.
The office opening was welcomed by the ADGM’s chief of market development Arvind Ramamurthy as an affirmation of “Abu Dhabi’s appeal as the preferred hub for such companies”.