GlobeOp Financial Services S.A., a leading independent provider of business process outsourcing (BPO) financial technology services, has had a lot to celebrate in 2011 so far.

The financial services company has enjoyed many financial highlights in 2011 including: growth in Assets under Administration (AuA) to $174 billion as of May 31, 2011; an increase of 17 percent from $149 billion at December 31, 2010; continued addition of clients and expansion of revenues; strong adjusted operating profit; and $77 million in cash as of May 31, 2011

"GlobeOp's performance during the first half of 2011 has been strong,” Hans Hufschmid, CEO of GlobeOp, said.

In addition to the accomplishments listed above, during the first five months of 2011, existing clients added new funds totaling $12 billion and new clients brought another $3 billion of assets to GlobeOp. In addition, client subscriptions were $20 billion versus redemptions and terminations of $19 billion, and fund performance added almost $8 billion to client asset balances and the impact of foreign currency exchange rates on non-US dollar-denominated funds resulted in an additional $1 billion increase in AuA.

“Despite a challenging time for global markets, we are pleased with our progress so far this year,” Hufschmid said. “We remain focused on increasing our market share while carefully managing margins. We are investing in our business and during this period we have added to our sales and marketing efforts and invested in operations to expand our capabilities and deliver exceptional client service. We continue to win new mandates and see additional opportunities for growth. We believe we are well positioned for 2011."