May 24, 2013 2:18 PM ET

Diversified Financial Services

Company Overview of GlobeOp Financial Services S.A

Company Overview

GlobeOp Financial Services S.A., together with its subsidiaries, provides business process outsourcing, financial technology services, and analytics to hedge funds and other sectors of the financial industry worldwide. The company offers specialized, integrated Web-based financial products supporting middle and back office trade processing, fund administration, complex derivatives, and risk reporting. Its middle and back office services include daily reconciliation, daily portfolio profit and loss statements, data aggregation and pricing, exposure calculations and reports, OTC processing, real time analytics, and trade capture, as well as security master processing, monitoring, and maintenan...

Detailed Description

1-3 Strand

Trafalgar Square

London,  WC2N 5HR

United Kingdom

Founded in 2000

2,204 Employees

Phone:

44 20 7190 6600

Fax:

44 20 7190 6601

www.globeop.com

Key Executives for GlobeOp Financial Services S.A

Head of West Coast Office
Age: 60
Managing Director
Managing Director
Managing Director
Head of Sales & Marketing - European Operations
Compensation as of Fiscal Year 2012.

GlobeOp Financial Services S.A Key Developments

GlobeOp Financial Services S.A Announces Board Changes
Jun 1 12

GlobeOp Financial Services S. A announced following the announcement on May 31, 2012 that SS&C Technologies Holding Europe S.à r.l.'s cash offer for the company is wholly unconditional, the company announced that each of Edward Nicoll, Jonathan Meeks, Eileen Fusco, David Gelber and Arun Seth have resigned from the board, effective as of May 31, 2012. The company announced the appointment of each of William C. Stone, Normand A. Boulanger, Patrick J. Pedonti, David N. Reid and Christophe Maillard, to the board of the company as non-executive directors, each effective as of May 31, 2012. William C. Stone and Normand A. Boulanger are each directors on the board of SS&C Technologies Holdings Inc.

GlobeOp Financial Services S.A Announces Interim Management Statement for the Quarter Ended March 31, 2012
Apr 13 12

GlobeOp Financial Services S. A announced interim management statement for the quarter ended March 31, 2012. For the quarter, the company reported trading was in line with management's expectations. Revenues, adjusted operating profit1 and cash flows were strong. Assets under Administration (AuA) increased $13 billion to a record total of $187 billion2 as at 31 March 2012 from $174 billion at December 31, 2011. During the first quarter, the company attracted nine new middle and back office fund administration (MBA) clients with an aggregate $5 billion of AuA. Existing clients launched new funds with $2 billion of AuA while client investor subscriptions totaled $16 billion for the quarter versus redemptions and terminations of $16 billion. Fund performance added $5 billion to client asset balances for the period and there was a $1 billion increase in client AuA due to the impact of foreign exchange rates on non-US dollar-denominated funds. The average yield of MBA revenue relative to AuA remained approximately 12 basis points. The company's financial position remains strong. Cash totaled $112 million (unaudited) as at 31 March 2012, an increase of $39 million, or 53%, since March 2011. So far in April subscriptions into clients' funds have totaled $4 billion and have been offset by redemptions and terminations of a similar amount. Looking ahead, although global economic uncertainty remains, the company are encouraged by recent industry performance and the company continue to see a broad range of revenue opportunities. company's pipeline of new client business is solid and the company are targeting revenue growth from new initiatives such as Form PF reporting. In the coming months, the company will maintain investments to exploit these opportunities but the company will also continue to prudently manage cost structure. The company believe the company are the well positioned for a successful year in 2012.

GlobeOp Financial Services S.A to Report 3 Months 2012 Interim Management Statement on Apr 13, 2012
Apr 11 12

GlobeOp Financial Services S.A announced that they will report 3 months, 2012 interim management statement on Apr 13, 2012

Similar Private Companies By Industry

Company Name Region
Marex Spectron Group, Research Division Europe
Brett & Randall Financial Services Limited Europe
Sanlam Securities UK Limited, Research Division Europe
International Currency Exchange Plc Europe
Vintage Financial Ltd. Europe

Recent Private Companies Transactions

Type
Date		 Target
No transactions available in the past 12 months.
Report Data IssueReport Data Issue
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
Rush University United States
Citizens Budget Commission United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GlobeOp Financial Services S.A, please visit www.globeop.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.

Close