Based in Windsor, Connecticut, SS&C sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.

SS&C Technologies, a Nasdaq-listed wealth and bank technology firm, has opened a new office in Riyadh, Saudi Arabia. 

The firm said it will use this base to “forge new relationships” and work more closely with the Capital Markets Authority and the Saudi Arabian Monetary Agency. 

SS&C's Middle East business serves 850 financial institutions and corporate clients; 150 of these clients are in Saudi Arabia.

Issa Jadon, director, will lead the new office, SS&C Technologies said in a statement. 

"With more than $3 trillion in investments likely under Saudi Arabia's Vision 2030 economic transformation programme, the Kingdom's financial services market is expanding rapidly,” Bill Stone, chairman and CEO, said.

SS&C, which is headquartered in Windsor, Connecticut, has offices worldwide. In March, SS&C said that Principal Asset Management extended its transfer agency relationship with SS&C. SS&C Global Investor & Distribution Solutions provides a range of fund services to Principal's 114 mutual funds comprised of 467 mutual and retail alternatives share classes, with about $160 billion in assets under management. In February, LPL Financial broadened its relationship with SS&C Technologies. LPL Financial, which uses SS&C's Brokerage Solutions, leverages SS&C ALTSERVE™ to grow its alternatives business.