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SS&C Technologies has announced a definitive agreement to acquire the managed funds administration (MFA) business from Iress, a leading Australian financial services technology company. The MFA business is one of Australia's largest third-party fund registries, with around AUD$900 billion in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close in Q3 2023. The acquisition bolsters SS&C's position as the world's leading transfer agent, significantly expanding its offering in Australia with top-of-the-line unit registry capabilities. Around 150 team members are expected to join SS&C Global Investor & Distribution Solutions, which focuses on transfer, unit and platform agency and administration. They will report to Euan McLeod, Head of Transfer Agency, APAC. The MFA team will augment SS&C's capabilities with a full range of outsourced unit registry capabilities for Australian fund managers and cu

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