Thread regarding SS&C Technologies layoffs

Mini BNYM or JPM?

With all the incoming talent over last 12 months, are we becoming a mini BNYM or mini JPM? I’ve worked at both and I’m curious of others views?

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Post ID: @OP+16VRDHg0

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I agree with the commentary that SS&C is a mini BNYM/JPM possibly a mini StateStreet who treat their staff horrendously. Its a small and incestous industry that is third-party funds administration and the key differentiator is that bottom line (servicing) and (innovation) which SS&C (DST-IFDS) aren't great on either front.

The reason they have been successful is in tying down large corporates to long and tortous service contracts, promising the world and delivering t–d - many renewals are not occurring and if they do its down the to pain of attempting to move on or ability for the company to take a hit (Old Mutual).

The only thing SS&C can do is drive down costs and that means bottom-line and the quickest route to victory is slash and burn the workforce (short-term win), outsource to cheaper workers (India/Thailand/China) for long-term failure, and that ladies and gentlemen is what SS&C UK is now going to be if the next two years if the bottom line doesn't improve to the insane amounts Bill Stone requires.

Post ID: @ceze+16VRDHg0

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