Philippine asset manager and trust company goes live on investment management platform
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that ATR Asset Management (ATRAM) has completed the implementation of SS&C's PORTIA to support their growth in the rapidly changing Filipino market.
Based in the Philippines, ATRAM operates through ATR Asset Management, Inc. as well as its recently launched ATRAM Trust Corporation, which has the distinction of being the first stand-alone trust corporation in the Philippines under the new regulations issued by the Philippine central bank. PORTIA will support both of ATRAM's operations on a single platform providing fund accounting and improved client reporting. PORTIA will also play a critical role helping ATRAM prepare for future business opportunities.
"SS&C's PORTIA not only provides us with a compelling solution that will help grow our business, but it came to us with a reputation of having a robust implementation track record and support across Asia," said Mike Ferrer, ATRAM's CEO and Managing Director. "ATRAM is committed to operational excellence and PORTIA will help us to further strengthen our operations and yield true efficiencies across our firm – resulting in reduced costs and greater growth opportunities."
PORTIA supports the broadest range of asset types from around the globe and provides multi-currency functionality. The latest version of PORTIA provides new innovative dashboards that deliver unrivalled manageability over activities from the front to back office. The platform can be configured to assist with compliance across all industry standards and is designed to meet the challenges of complex, high-volume global asset managers. The integrated accounting ledger is both powerful and configurable, and will allow ATRAM to have multiple bases set up in one chart of accounts.
"SS&C is continuously developing and investing in its solutions to meet ever changing global regulatory and accounting standards. Due to recent reforms, we're seeing a growing investment appetite for complex assets by the Filipino middle-class. With PORTIA, ATRAM can better adapt to regulatory reforms to reach its goal of growing assets under management," said Christy Bremner, Senior Vice President, SS&C's Institutional and Investment Management. "This latest version of PORTIA will enhance ATRAM's operations and prepare them to enter a new market, and we are excited to partner with them."
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