The increasingly crowded market for outsourced trading services has gained a new entrant as SS&C Technologies appointed trading veteran Michael Horan as head of its EMEA outsourced trading business.
The global investor and distribution solutions (GIDS) business provides operational insights and real-time transparent oversight to investors, advisors and asset managers, with global transfer agency and investor servicing available through a single platform. It was established in 2020.
Based in London, Horan will lead the outsourced trading division.
Horan has 30 years of industry experience, most recently as head of electronic equity trading at BNY. He held the role for more than a decade, leaving earlier this year amid department restructuring.
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Prior to this, he was head of outsourced trading at Pershing EMEA. Earlier in his career, Horan was head of the European broker desk at Instinet and a UK equities inter-dealer broker at Tullett Prebon.
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