SS&C Technologies (NASDAQ:SSNC), a global provider of financial services software and software-enabled services, announced today it will be contributing nearly one million dollars to the University of Southern Indiana’s (USI) Romain College of Business in cash and in-kind donations. The donations will help the USI’s Romain College of Business to progress its recent Investment Accounting initiatives and will also expand and develop SS&C’s geographical presence in the midwest.
“Access to specialized software via the SS&C Investment Accounting Accelerator will give our students a clear advantage in conducting valuations and preparing investment performance reports for clients,” said Dr. Mohammed Khayum, dean of the Romain College of Business. “The presence of SS&C Technologies in Evansville helps to provide a more complete financial services sector in our region and to develop and retain the related talent and expertise in the workforce. Income and spending will also grow as a result of an increasing number of our graduates being employed in well-paid occupations.”
SS&C’s donation will offer students at USI’s Romain College of Business access to hands-on experience with SS&C’s advanced technology and global financial services industry expertise. The SS&C Investment Accounting Accelerator will focus on the complex processes around valuation and reporting of sophisticated asset classes, with students using the diverse SS&C technology portfolio for banks, hedge funds, asset and mutual fund managers, insurers and pension funds.
“The SS&C Investment Accounting Accelerator provides a venue for us to work hand-in-hand with USI to prepare students to enter the workforce and make a greater impact on the firms they join,” said Bill Stone Chairman and Chief Executive Officer, SS&C Technologies. “Risk management, the use of derivatives and complex tax strategies are all areas where SS&C has significant expertise. We look forward to exploring cutting edge solutions to the world's investment accounting, investment reporting and investment system issues. The quality of the faculty, the passion and support of the administration and the students’ enthusiasm and work ethic are powerful attractions.”
The mission of the Romain College of Business is to place the student at the center of the college's educational activities, both inside and outside the classroom. SS&C, with over 5,500 clients investing $26 trillion in all asset classes, has the breadth and depth to create real life scenarios and case studies. USI students will benefit from access to SS&C professionals in its Evansville office and throughout its 47 offices worldwide. SS&C will also sponsor symposiums and research projects to add world class speakers and substance to the Investment Accounting Accelerator.
“Since its inception, SS&C has demonstrated its commitment to our community by providing quality job opportunities to local college graduates with degrees in accounting, finance, computer science and engineering,” said Evansville Mayor, Lloyd Winnecke. “The company’s employment practices will help Evansville and the Tri-state build and maintain a young, professional workforce that is vitally important to our region’s economic future.”
Financial services is one of the City of Evansville’s primary economic engines, and SS&C’s investment in the region is strengthened by its partnership with USI. The synergy between the two organizations creates dynamic learning opportunities for students and enhances expansion potential for SS&C.
“We are grateful for the generosity of Bill Stone and his SS&C executive team and their support in fostering the investment accounting field in USI’s nationally-competitive accounting program,” said USI President Linda L. M. Bennett. “With this partnership, USI’s Romain College of Business is positioned for leadership into the future.”
“Congratulations to President Bennett and the entire USI community on this generous contribution from Mr. Bill Stone. It is noteworthy that this partnership developed out of a discussion about how USI and SS&C could prepare graduates to succeed in the evolving global financial services industry. More effective alignment between the needs of business and our education institutions is a goal of our administration, and this USI story is an outstanding example of how this effort can work to benefit all Hoosiers,” noted Lt. Governor Sue Ellspermann, Indiana.
Photo Credit: USI Photo Services
From left to right: Dr. Mohammed Khayum, dean of USI's Romain College of Business, Dr. Linda L. M. Bennett, USI president, and Bill Stone, chairman and chief executive officer of SS&C Technologies.