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Silica is a leading business process outsourcing / third party administration company specializing in investment product administration. Our objective is to provide solutions that enhance value to our clients by allowing them to focus on their core competencies. We achieve this by developing new business and technology initiatives within the back office environment.
As a group we have the majority percentage share of investment administration market in South Africa. Through a selection of services Silica has successfully attracted over 60% of the industry in South Africa and continues to achieve success across the financial services industry.
Notable successes to date have seen our assets under administration increase to approximately R280 billion ($35 billion) and to over 400,000 investors.
We have played a significant role in aiding industry consolidation in South Africa. Due to mergers, we have successfully concluded a number of complex fund rationalisation and database merge projects on behalf of our clients.
We have also successfully taken on the administration from companies in Guernsey and Jersey. These successes have created a solid foundation for us to make significant inroads into the United Kingdom and Europe.
Silica Group’s strategy is to build a sustainable and profitable third party administration and solutions business, capable of providing superior administration services to a global retail fund client base, whilst leveraging off a low cost operating environment and its sizeable software client base in South Africa.
We are strategically positioned to be the preferred service provider of low cost retail administration solutions to a global market.
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