The US-headquartered company said the move builds on its success in the UK and cited data showing significant upside potential in European wealth management. The new operation is based in Dublin, Ireland.

SS&C Technologies has created a European wealth services business, securing clearance from Ireland’s central bank.

Authorisation was granted by the Central Bank of Ireland under powers of the Markets in Financial Instruments Directive (MiFID), the US-headquartered fintech group said in a statement this week.

The company can now deliver its full suite of technology-enabled wealth management solutions directly from Ireland.

The new operation builds on SS&C’s UK wealth management business. 

SS&C employs more than 550 professionals in Ireland, servicing more than €95 billion ($109.9 billion) in assets across all fund structures and €25 billion in life and pension products, it said.

“This milestone marks an important step in our European growth strategy,” Nick Wright, global head of SS&C Global Investor & Distribution Solutions, said. 

“The European wealth management market represents a significant, growing portion of the global wealth landscape,” SS&C said. It cited data from the European Fund and Asset Management Association, showing that European investors’ fund ownership grew by €2 trillion in a single year to a total of €18.6 trillion at the end of 2024.

SS&C said it supports more than $6.1 trillion in private wealth assets under management at more than 3,000 firms worldwide.