SS&C Technologies Holdings has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle office, and insurance global servicing capabilities.
Key services also include middle- and back-office outsourcing and loan servicing. Bhagesh in this role will report to Rahul Kanwar, President and COO.
AUM in the global alternatives industry is expected to nearly double to $23.21 trillion by 2026. A bullish new report from Preqin predicts the growth will be fuelled in large part by private equity. SS&C GlobeOp is the largest alternatives fund administrator with more than USD2.23 trillion in assets under administration.
The new SS&C GlobeOp group will combine SS&C GlobeOp’s administration expertise in hedge funds, private markets and real assets with extensive global loan servicing capabilities and insurance outsourcing services and software. An international team of more than 7,000 will provide coverage across North America, EMEA, APAC, and Australasia.
Bhagesh Malde has been leading SS&C GlobeOp Private Markets since 2017. Before joining SS&C, he was Senior Managing Director and global head of the Private Equity and Real Estate business at State Street and Managing Director and global head of Hedge Fund Services at JPMorgan.
