Luxembourg-based holding company GlobeOp Financial Services S.A. (GO.L: News ) on Monday said it has appointed Tim Ridley to its Cayman Islands subsidiary board. Ridley was appointed following the recent resignation of Gary Linford.

In a different development, financial software provider SS&C Technologies Holdings, Inc. (SSNC: News ), while responding to TPG Capital LLP’s recommended cash offer for GlobeOp, urged GlobeOp shareholders not to take any action now as it continues to consider its options, including a possible cash offer.

SS&C, a provider of investment and financial software-enabled services, confirmed that it has been conducting due diligence on GlobeOp with the approval of GlobeOp Independent Directors since January 14.

SS&C added that there can be no certainty that an offer will be made, nor, if made, that a transaction will result. The company added that it will make a further announcement at the appropriate time.

It was on last Wednesday that U.S.-based private equity firm TPG offered 435 pence per share in cash for GlobeOp, with a total value of about 508 million pounds.

The offer price represents a premium of approximately 48.5 percent to the closing price of 293 pence on January 5, being the last business day prior to GlobeOp’s announcement that it was in discussions with TPG.