SSQ Financial Group, a diversified financial institution in Canada, has selected L&T Infotech Canada as its provider of wealth management solutions.
SSQ has replaced its existing platform with L&T Infotech’s proprietary transfer agency recordkeeping system called Unitrax in a move to support its segregated funds, private wealth management, equity GIA, and guaranteed interest accounts (GIAs).
The partnership will enhance performance, reliability, and scalability of SSQ’s segregated funds and asset allocation platforms, as well as improve time to market for new product launches.
L&T Infotech CEO Chad Alderson said: "Since 1994, our flagship product, Unitrax, has been enabling fund and insurance companies to manage the administration of their wealth management products.
"Today, Unitrax is used by over 200 companies — representing C$650 billion in assets under management. This new alliance with one of Canada’s most prestigious financial institutions further strengthens our reputation as one of the world’s preeminent technology companies."
SSQ Financial Group vice president of national business development-individual insurance and investment Marc Trépanier said: "We welcome this new partnership with L&T Infotech and view this transition to a leading administrative platform for our investment products as an opportunity to better support our business development efforts by increasing our service to our business partners and clients."