Institutional financial technology expert Timothy Reilly joined SS&C Technologies yesterday in the capacity of Vice President of International Outsourcing. The company itself a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry which was founded in 1986.
Mr Reilly’s appointment demonstrates SS&C’s interest in gaining industry talent from the professional services sector, this time in the form of an ex-Price Waterhouse Coopers senior executive with 28 years’ service with the consultancy firm in senior financial roles based in Hartford, Connecticut.
Price Waterhouse Coopers is well known across many industry sectors for its outsourced management consultancy solutions, therefore providing Mr Reilly with a fitting background for his new senior management position at SS&C.
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Assuming his new role yesterday at SS&C’s headquarters in Windsor, Connecticut, Mr. Reilly will leverage his extensive technology and financial experience to oversee SS&C’s institutional outsourcing division and lead efforts to enhance its presence in the insurance and asset management markets. Institutional outsourcing is an integral part of SS&C’s Software-Enabled-Services (SES) offerings which have over US$1.6 trillion in assets residing in over 7,000 funds worldwide.
“Tim is a seasoned financial executive with extensive experience with technology solutions. He has seen SS&C grow tenfold and his talent and abilities will help us scale, assuring our clients and prospects of a strong and robust partner,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies on behalf of the company. “We believe he will add value immediately to our existing clients and help identify firms that could benefit from our outsourced middle- and back-office services.”
“I have had an opportunity to interact with many of SS&C’s management and evaluate their expertise, services and customer relationships,” said Tim Reilly. “I have consistently been impressed by SS&C’s entire team as well as its client base, which includes blue-chip major insurance and asset management organizations. I look forward to leveraging my experience within the technology industry and managing a professional services organization into developing strong working relationships with SS&C’s new and existing clients.”