SS&C Technologies Expands Global Presence with New Office in Saudi Arabia
In a strategic move to strengthen its foothold in the Middle East, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced the opening of a new office in Riyadh, Saudi Arabia, as of April 7, 2025. This expansion is pivotal for the company as it strives to deepen its relationships with key governmental financial authorities, namely the Capital Markets Authority and the Saudi Arabian Monetary Agency.
With this new location, SS&C aims to serve an existing clientele of 850 financial institutions and business clients throughout the region, including 150 in Saudi Arabia alone. The company's offerings include top-tier software and services for investment management, risk management, automation, and transactions. Leading this new endeavor will be Issa Jadon, who takes on the role of director at the Riyadh office.
Bill Stone, chairman and CEO of SS&C, expressed his enthusiasm for this expansion, citing the impressive potential within the Kingdom’s financial services sector. "With over $3 trillion projected for investment as part of the Vision 2030 economic transformation program, the demand for innovative financial services is on the rise in Saudi Arabia. SS&C stands out as a leader in providing world-class technology, coupled with extensive local market knowledge and compliance expertise."
Abdullah Al-Eisa, COO at Jadwa Investment and a long-time client of SS&C, also voiced his support for the new office opening. He emphasized the transformative impact SS&C's innovative technological solutions have had on their investment operations over nearly two decades of partnership. The establishment of a new office signifies a new chapter in their collaboration, promising localized and tailored services to better meet client needs.
As a global provider of services and software for financial services and healthcare, SS&C has been operational since 1986, with its headquarters in Windsor, Connecticut. The company now boasts offices worldwide, supporting over 22,000 organizations ranging from the largest enterprises to small and medium-sized businesses.
The Saudi Arabian market, buoyed by significant financial initiatives such as Vision 2030, provides an opportunity for SS&C to not only serve existing clients but also attract new ones. The new office will facilitate enhanced engagement with local governmental bodies and regulations, allowing for improved service delivery and compliance.
More information about SS&C Technologies can be found at www.ssctech.com, where they also maintain a presence on various social media platforms including Twitter, LinkedIn, and Facebook. This strategic move underscores SS&C's dedication to expanding its capabilities and footprint in the rapidly evolving Middle Eastern market, positioning itself as a crucial player in the region's financial ecosystem.
With this new location, SS&C aims to serve an existing clientele of 850 financial institutions and business clients throughout the region, including 150 in Saudi Arabia alone. The company's offerings include top-tier software and services for investment management, risk management, automation, and transactions. Leading this new endeavor will be Issa Jadon, who takes on the role of director at the Riyadh office.
Bill Stone, chairman and CEO of SS&C, expressed his enthusiasm for this expansion, citing the impressive potential within the Kingdom’s financial services sector. "With over $3 trillion projected for investment as part of the Vision 2030 economic transformation program, the demand for innovative financial services is on the rise in Saudi Arabia. SS&C stands out as a leader in providing world-class technology, coupled with extensive local market knowledge and compliance expertise."
Abdullah Al-Eisa, COO at Jadwa Investment and a long-time client of SS&C, also voiced his support for the new office opening. He emphasized the transformative impact SS&C's innovative technological solutions have had on their investment operations over nearly two decades of partnership. The establishment of a new office signifies a new chapter in their collaboration, promising localized and tailored services to better meet client needs.
As a global provider of services and software for financial services and healthcare, SS&C has been operational since 1986, with its headquarters in Windsor, Connecticut. The company now boasts offices worldwide, supporting over 22,000 organizations ranging from the largest enterprises to small and medium-sized businesses.
The Saudi Arabian market, buoyed by significant financial initiatives such as Vision 2030, provides an opportunity for SS&C to not only serve existing clients but also attract new ones. The new office will facilitate enhanced engagement with local governmental bodies and regulations, allowing for improved service delivery and compliance.
More information about SS&C Technologies can be found at www.ssctech.com, where they also maintain a presence on various social media platforms including Twitter, LinkedIn, and Facebook. This strategic move underscores SS&C's dedication to expanding its capabilities and footprint in the rapidly evolving Middle Eastern market, positioning itself as a crucial player in the region's financial ecosystem.
Topics Business Technology）
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