The technology firm, fresh from having completed a major fintech acquisition, is creating a unit aimed at the private capital market.

SS&C Technologies Holdings, the US-listed firm which recently completed its takeover of wealth technology firm Advent Software and serves clients globally, has created a new business unit aimed at the private capital market.

As part of the rollout, the firm has appointed Bob Shepro as senior vice president, responsible for heading this new area of the business, it said in a statement yesterday. 

The unit will focus on supporting family offices, foundations and endowments.

“We are committed to addressing a gap in the private capital market," Bill Stone, chairman and chief executive, SS&C Technologies, said. "Our integrated suite of cloud applications and services, including the addition of Advent’s solutions for the family office market, put us in a strong position to deliver benefits including greater levels of control, efficiency, timeliness and cost reduction. Bob is very talented and proven in this industry and we wanted to bring in the best person to head this important new initiative for us,” he continued.

Shepro rejoins SS&C having previously headed product strategy there in the late 1990s, after the firm's acquisition of his company, Shepro Braun Systems, and its flagship product, Total Return. Most recently, Shepro was a managing partner of the consultancy Windward Advisory Group. In his new role he will report to Rahul Kanwar, senior vice president and global head of alternative assets.

Last week, SS&C Technologies completed its $2.63 billion acquisition of San Francisco-headquartered Advent Software. Advent's collection of around 4,300 global clients includes asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms.