GlobeOp Founder Tannenbaum Returns to SS&C For Business Development Role

Mar 31 2016 | 8:30pm ET

Hedge fund service provider SS&C Technologies has named Ron Tannenbaum as managing director of business development for Europe, Middle East, and Africa (EMEA) for SS&C GlobeOp, its alternative fund services unit.

Tannenbaum will be based in London and will report to Punit Satsangi, head of alternatives EMEA business development.

Tannenbaum comes to SS&C GlobeOp from AltB Partners LP, where he was co-founder and partner for UK marketing and sales. He has also served in a number of senior executive positions at Rabobank International, UBS and Salomon Brothers.

His hire by SS&C is a return home for Tannenbaum, who was one of the founders of GlobeOp Financial Services before its acquisition by SS&C in 2012. 

"We are delighted to welcome Ron back to SS&C," said Bill Stone, chairman and CEO of SS&C Technologies, in a statement. “His deep business experience and expertise across both the fund administration and the alternative investment management industry will be particularly valuable as we continue to meet our customer’s unique regional requirements.”

Over the past 15 years, SS&C has extended its presence in EMEA, adding locations in Dublin, Guernsey, and Luxembourg to offer fund administration and related services to hedge funds, fund of funds, and private equity funds. Since the GlobeOp acquisition, SS&C’s assets under administration have increased from $434 billion to more than $1.1 trillion in assets under administration, according to the company.

Founded in 1986, Connecticut-based SS&C is a leading fund administrator for both onshore and offshore hedge funds, fund of funds and private equity funds. The company counts some 10,000 financial services organizations as clients, who manage an aggregate $44 trillion in assets.

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