SS&C acquires Hubwise Securities Limited, a B2B investment platform
Effective March 25th, 2022, SS&C Technologies Holdings has finalized a deal to take control of Hubwise Holdings and it's business-to-business investment trading platform for wealth managers and advisers. Under the terms of the cash agreement, SS&C will transfer 58 employees and 51 customers in the United Kingdom; Angus Macdonald, the former leader of Hubwise, will report to the head of Investor and Distribution Solutions at SS&C, Nick Wright. The amount of the deal was not disclosed, but it will increase SS&C's ability to serve a broad range of financial markets.
Balance Sheet|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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