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WINDSOR, Conn., Sept. 4, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Kenanga Investors Berhad (KIB), a wholly owned subsidiary of K & N Kenanga Holdings Berhad, has selected SS&C PORTIA, a leading middle-to-back office investment operations platform, to support its investment management business in Kuala Lumpur, Malaysia.
Building on a companywide growth strategy, KIB needed an operations solution that could support their expanding multi-currency needs and provide the flexibility to address their extensive reporting requirements. SS&C PORTIA's comprehensive global securities coverage, powerful multi-currency capabilities and advanced reporting capabilities, provided the ideal solution to meet KIB's business requirements.
"As we continue expanding our market we need the ability to bring new products and investment strategies to market quickly and at the same time, meet the evolving regulatory and client reporting requirements," said Abdul Razak Bin Ahmad, Chief Executive Officer, Kenanga Investors Berhad. "SS&C PORTIA's proven global investment accounting capabilities will streamline our investment operations processes, allowing us to provide a diverse offering to meet our clients' investment needs."
"We are pleased to be able to provide Kenanga Investors Berhad with a middle-to-back office solution that meet their complex, global needs," said Christy Bremner, Senior Vice President and General Manager, SS&C PORTIA. "Asia has been a long time focus for SS&C PORTIA, we are delighted to support the diverse needs of asset managers throughout the APAC region."
SS&C PORTIA provides a broad set of middle-to-back office capabilities to allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance.