SS&C Hires Nelson From Tata Consultancy as Retirement Business COO

SS&C Technologies Holdings Inc. hired for three expanded roles in February, including a new COO, in a push to bolster the firm’s technology delivery and financial wellness offerings, a global spokesperson confirmed.

The technology, software and software-as-a-service provider named Judy Nelson as COO of retirement plan services.

“Following SS&C retirement’s expansion, [Nelson] joined in a new expanded role to bring together plan, participant, adviser and TPA services and continue to enhance high-quality service delivery,” the spokesperson explains via email.

Nelson was also named a vice president and head of operations and service delivery, according to LinkedIn.  Previously, Nelson had been head of the U.S. retirement services business at Tata Consultancy Services.

SS&C also named Joseph Olivier a vice president and head of client services and Scott Snowiss a vice president of technology in the series of expanded roles.

“Joseph will work to expand SS&C Retirement’s model to create a consultative organization to work with our institutional partners and help them grow their business in the marketplace, [and] Scott was brought in to continue to transform our industry-leading technology, leading SS&C Retirement’s technology strategy and execution teams,” the spokesperson adds.

Nelson and Snowiss report to Kevin Rafferty, SS&C general manager of retirement solutions. Olivier reports to John Geli, a senior vice president.

Rafferty has a proven track record for hires, according to an executive recruiter specializing in asset management.  

“Rafferty is clearly on top of the operating executives in the retirement business today and has a keen sense of strategic direction for the industry,” says George Wilbanks, founding partner of financial executive recruitment firm Wilbanks Partners, via email.

Earlier this month, SS&C published a blog post on its website highlighting financial wellness and linking to an on-demand webinar on financial wellness.

The blog advised plan sponsors that different approaches are needed for different demographics within retirement plans, as workers have myriad challenges to save for retirement, such as job changes, living longer and the possibility of carrying higher debt at older ages.

“Financial journeys are clearly personal and complex,” it stated. “But technology and analytics make it more possible than ever to help individuals become more financially ‘well,’ through big or small steps, throughout their lifetime.”