SS&C Technologies Holdings has announced its acquisition of Curo Fund Services, a South African provider of fund administration solutions. The deal, which is still subject to approval by the South African Competition Commission, marks a significant milestone for both companies.
Curo Fund Services, previously owned through a joint venture between financial giants Sanlam and Old Mutual, administers more than R3 trillion in assets—equivalent to approximately $170.4 billion.
The firm plays a vital role in servicing not only its founding institutions but also a wide range of third-party institutional clients. With this acquisition, SS&C will welcome approximately 300 Curo employees into its fold, all of whom will remain based in Cape Town. This integration is expected to strengthen SS&C’s operational capabilities in the region while preserving the local expertise and client relationships that have defined Curo’s success.
The deal will not disrupt Curo’s existing client administration arrangements. Clients can expect continuity in service, with the added benefit of SS&C’s global scale and technological depth. Curo already utilizes several of SS&C’s fund accounting and asset servicing platforms, which should ease the transition and allow for a more seamless integration of systems and processes.
Once the acquisition is finalized, Curo will become an independently owned entity under SS&C and will be incorporated into the company’s Global Investor & Distribution Solutions (GIDS) group, led by Nick Wright. This structure is designed to preserve Curo’s operational autonomy while unlocking access to SS&C’s expansive suite of technologies and services. For South African clients, this means enhanced neutrality, greater flexibility, and exposure to cutting-edge innovations in fund administration.
SS&C’s leadership believes that the combination of its automation capabilities, data infrastructure, and operational expertise with Curo’s regional strength will create a powerful platform for growth. The acquisition positions Curo to expand its offerings, increase market share, and accelerate its footprint not only within South Africa but across the broader African continent.
While the financial terms of the deal remain undisclosed, the strategic intent is clear: SS&C is investing in long-term growth, regional expertise, and the future of fund administration in emerging markets.
As global financial services continue to evolve, this acquisition underscores the importance of scale, technology, and local insight. For SS&C, it’s another step toward building a truly global platform. For Curo, it’s the beginning of a new chapter—one that promises innovation, expansion, and more profound impact across the financial landscape of Africa.
KEY QUOTES:
“Curo brings deep client relationships and a proven service track record. Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region’s insurers, asset managers and institutional investors.”
Bill Stone, Chairman and CEO, SS&C
“We are proud to be joining the SS&C family. This partnership allows us to accelerate our innovation journey and offer a more robust and comprehensive suite of solutions to our clients while continuing to grow our business. SS&C’s global expertise, commitment to service excellence, and focus on developing the local market align strongly with Curo’s purpose and vision.”
Lionel Vice, CEO of Curo Fund Services
