SS&C To Acquire South Africa's Curo Fund Services, Adding $170B In Assets Under Administration, 300 Staff To Join In Cape Town

Author: Benzinga Newsdesk | September 02, 2025 05:03am

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed.

Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees will join SS&C in Cape Town following the close of the transaction. Curo Fund Services already leverages several of SS&C's fund accounting and asset servicing technologies.

The transaction will not affect Curo's existing client administration arrangements. SS&C's global scale and expertise will enable enhanced solutions and improved service delivery. All parties are committed to ensuring a seamless transition.

"Curo brings deep client relationships and a proven service track record," said Bill Stone, Chairman and CEO, SS&C. "Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region's insurers, asset managers and institutional investors."

Posted In: SSNC