SS&C Technologies Holdings, Inc. has announced that First Plus Asset Management has selected SS&C to provide comprehensive cross-border operations support across Asia. This partnership will focus on delivering an integrated solution to assist with transfer agency, investment accounting, order management, and execution services. First Plus is expanding its presence in the region and plans to leverage SS&C’s scalable infrastructure to support its growing cross-border operations and around $200 million in assets under management.
A growing need for support
The increasing complexity of First Plus’s operations has made it essential to adopt a more structured and efficient approach. Jeb Li, Co-Founder and CEO at First Plus, expressed confidence in SS&C’s ability to provide the necessary tools to streamline workflows. He emphasized that SS&C’s global presence and well-rounded offerings are key to maintaining First Plus’s competitive edge while ensuring compliance and delivering best-in-class client service.
SS&C’s role in the expansion
SS&C will offer a solution designed to modernize First Plus’s investment operations and improve cross-jurisdictional compliance in Asia. The integrated system allows front-office teams to trade and manage portfolio exposures more effectively. By providing investment accounting and reconciliation capabilities, SS&C will help First Plus manage its investor base efficiently. In Thailand, SS&C will also support the firm’s investor servicing through transfer agency services, including recordkeeping and operational support.
Damien Barry, Head of Asia Pacific, Africa & Middle East for SS&C, pointed out the rising demand for global compliance and cross-border operations in the asset management industry. He stated that SS&C is eager to assist First Plus by utilizing its scalable global ecosystem, enabling the firm to concentrate on its growth and improve client experiences. The expanded collaboration reflects SS&C’s ability to adapt to evolving market needs and deliver tailored solutions for emerging businesses.
Background on the firms
First Plus Asset Management, based in Singapore, is a licensed asset management firm with a strong presence in the Asia-Pacific region. It holds a Capital Markets Services (CMS) Fund Management License from the Monetary Authority of Singapore. The firm also has recognition from the China Securities Regulatory Commission and the People’s Bank of China, including the Qualified Foreign Institutional Investor (QFII) status. First Plus Asset Management (Thailand) Company Limited, an affiliated entity, is licensed in Thailand to manage public and private mutual funds and provident funds.
SS&C Technologies is a leading provider of mission-critical, AI-powered technology and services, serving financial services and healthcare organizations globally. Headquartered in Windsor, Connecticut, SS&C supports over 23,000 organizations, including large corporations and small-to-mid-sized firms, with technology solutions designed to enhance efficiency, security, and performance. With offices worldwide, SS&C has established itself as a key player in the financial technology sector, helping clients manage complex operations with speed and accuracy.