SS&C Announces Leadership Team for Advent Software Business Unit
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the leadership team for its recently acquired Advent Software business unit.
Pete Hess, who has served as Advent's President and CEO, will lead SS&C's Advent business unit as Senior Vice President and General Manager. He will oversee the establishment of two distinct market facing teams within Advent to address key client segments.
The Advisory Market Group will be responsible for serving clients and growing the business within the wealth management and investment advisor market. The group will be led by Dave Welling, formerly the general manager of Advent's Black Diamond business group, and now Senior Vice President and Managing Director of SS&C's Advisory Market Group, reporting to Mr. Hess. The Asset Management and Alternatives Market Group, led by Pete Hess, will focus on delivering solutions for the dynamic needs of the traditional and alternative asset management markets.
"With our acquisition of Advent complete, we're excited to usher Advent into a new phase of growth and innovation, and to deliver the expanded benefits that we can now bring to our clients as a combined force," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "By leveraging SS&C's existing capabilities and realigning the teams, we will offer the highest level of service and support, putting all of our clients in an even better position to succeed."
Additional executives who have been promoted within the Asset Management and Alternatives Market Group include Robert Roley as the head of solutions and client experience, Marc Flamini as head of sales, and Karen Geiger to lead solutions development. Bob Conchiglia has also been promoted to lead sales for the Advisory Market Group.
"We are excited about the changes we have implemented to deliver more value to our clients as part of SS&C," said Hess. "We will continue to invest in our solutions and work hand-in-hand with our clients to stay a step ahead in a competitive and quickly-evolving business environment."