MISSISSAUGA, ON and QUEBEC CITY, QC, Dec. 14, 2015 /CNW/ - L&T Infotech Canada, a global leader in the IT Financial Services industry, today announced that it has been selected by SSQ Financial Group as their wealth management solutions provider.
SSQ Financial Group has replaced their current platform with Unitrax®, L&T Infotech's proprietary transfer agency recordkeeping system, to support their segregated funds, Private Wealth Management, Equity GIA, and Guaranteed Interest Accounts (GIAs).
About this new technology partnership, L&T Infotech's Chief Executive 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."
This new partnership will result in immediate benefits from increased performance, reliability, and scalability of SSQ Financial Group's segregated funds and asset allocation platforms, as well as improve time to market for new product launches.
Marc Trépanier, SSQ Financial Group's Vice President of National Business Development ̶ Individual Insurance and Investment commented: "SSQ has made important gains in growing our business across Canada over the past years. 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."
About L&T Infotech:
L&T Infotech is a wholly-owned subsidiary of the USD 15 billion Larsen & Toubro (ranked 4th in the global list of Green Companies in the industrial sector by Newsweek International) which has a presence in construction, engineering, manufacturing and financial services.
L&T Infotech Canada, a subsidiary of L&T Infotech, is a leading provider of transfer agency record keeping software products, solutions and services in Canada. Headquartered in Mississauga, Ontario, L&T Infotech Canada offers SaaS-based, end-to-end technology solutions to the banking & financial services industry.
Our core offerings to the Canadian financial market include Application Development & Maintenance, Production Support, and Legacy Modernization, and our specialized offerings include Enterprise Mobility, User Experience & Design and Business Process Management. We specialize in wealth management products for the banking, mutual fund, insurance and alternative investment sectors, and we support our solutions with experienced Testing, Consulting, Data Warehousing, Business Analytics and Infrastructure Management services.
For more information, visit lntinfotech.com.
About SSQ Financial Group
With a business volume approaching $3 billion and nearly $11 billion in assets under management, SSQ Financial Group is a prominent mutualist diversified financial institution in Canada.
The Group serves over 1 million clients and employs 2,000 employees. SSQ, Life Insurance Company Inc., the Group's principal company, is recognized for its leadership in the group insurance industry and excellence and expertise in the investment and retirement sector. SSQ Financial Group has also made its mark through sustained growth in the home and auto insurance (SSQ General Insurance Company Inc.) and individual insurance (SSQ Insurance Company Inc.) markets.
For more information, visit ssq.ca.
SOURCE L&T Infotech
Image with caption: "L&T Infotech (CNW Group/L&T Infotech)". Image available at: http://photos.newswire.ca/images/download/20151214_C6839_PHOTO_EN_563879.jpg
Image with caption: "SSQ Financial Group (CNW Group/L&T Infotech)". Image available at: http://photos.newswire.ca/images/download/20151214_C6839_PHOTO_EN_563864.jpg
For further information: L&T Infotech Canada Media Contact : Samantha Selvais, PR & Media Relations - Canada, Cell: +416-435-7961, [email protected]; SSQ Financial Group Media Contact : Danielle Rioux, Marketing Analyst, 1-866-332-3806, [email protected]