#United Kingdom #Windsor #Investment Management #SSC Technologies #T. Rowe Price

T. Rowe Price Strengthens Collaboration with SSC Technologies

T. Rowe Price, a renowned global investment management firm, has recently announced the renewal of its transfer agent relationship with SSC Technologies Holdings, Inc. This extended partnership aims to enhance the transfer agency services for T. Rowe Price's open-ended investment company (OEIC) funds within the United Kingdom. The funds under this agreement currently manage around £1.5 billion in assets, signaling the importance of this collaboration in navigating the complexities of the financial markets.

The Chief Operating Officer for EMEA at T. Rowe Price, Denise Thomas, expressed her confidence in SSC Technologies’ capabilities. She noted, “SSC's distribution solutions have been integral in helping us deliver best-in-class technology and servicing in the U.K.” This statement highlights the robustness of SSC’s offerings, which are recognized for their stability and simplicity in trading and settlement functionalities. Such features have evidently positioned SSC ahead of its competitors in this niche market.

SSC Technologies is tasked with managing 21 active funds of T. Rowe Price, focusing predominantly on aggregator-based portfolios like distributors and nominees. Their comprehensive services encompass not only the straight-through processing of trades and settlement assistance, but also detailed reporting through a secure distributor portal. This level of service is crucial for T. Rowe Price as it seeks to enhance the overall client experience, particularly in an increasingly competitive landscape.

Damien Barry, head of SSC GIDS, EMEA, echoed the sentiment of excitement surrounding this renewed partnership. He affirmed SSC’s commitment to providing advanced technology and expertise that can facilitate growth for its partners, particularly within the UK market and beyond. Barry's comments reflect the goal of both companies to align their strategies in response to the evolving needs and challenges of today’s marketplace.

About T. Rowe Price

Founded in 1937, T. Rowe Price has built a solid reputation as a leading global asset management company. With a focus on long-term investment strategies and a commitment to superior client service, the firm manages over $1.61 trillion in assets as of December 31, 2024, the majority of which are retirement-related investments. Their award-winning team is dedicated to offering expertise across various investment domains, including equity, fixed income, alternatives, and multi-asset strategies, hence catering to a wide range of client needs worldwide.

About SSC Technologies

Established in 1986 and headquartered in Windsor, Connecticut, SSC Technologies is recognized as a premier provider of technology and services across the financial services and healthcare sectors. SSC serves a diverse clientele, including over 22,000 organizations from the largest global entities to small and mid-sized firms. Their extensive expertise and technological solutions have positioned them as a trusted partner for companies looking to enhance operational efficiency and drive growth.

In conclusion, the renewal of this partnership signals a vital step forward for both T. Rowe Price and SSC Technologies. By harnessing cutting-edge technological capabilities and industry insights, both organizations aim to better serve their clients and navigate future challenges effectively. This commitment to innovation and collaboration is essential in maintaining a competitive edge in the ever-evolving landscape of investment management services.