Monday, 05 November 2012

IFDS wins prestigious administration award for 6 th year running

2012 UK Platform Awards recognise IFDS’ market leading service provision to platforms

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced that it received a prestigious industry award for its services to fund platforms at the 2012 UK Platform Awards.

The Best Platform Administration Provider award was presented to IFDS at the London Marriott Grosvenor Square Hotel, in recognition of being the “best provider of those administration services that enable platforms to offer a robust, reliable service to their intermediary and end customer platform users.”

Holly Mackay, Managing Director at The Platforum, commented:

“The provision of trading, settlement and reconciliation capabilities backed by timely and accurate reporting from fund administrators is key to allowing platforms to deliver the levels of service their investors and advisers now demand. The Platforum was pleased to sponsor this key award and congratulates IFDS in winning for a 6th consecutive year.”

“To win this award for a sixth year running is a fantastic achievement. The award serves as recognition of the commitment and hard work of our employees to continually strive to deliver the best service and support to platforms.” said Simon Hudson-Lund, Chief Executive Officer and Head of European Transfer Agency Operations at IFDS.

The IFDS group of companies, along with State Street, provides market-leading transfer agency, wealth management and investor record-keeping solutions for a wide range of institutions, distributors, advisors and investors in Australia, Austria, Canada, France, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Singapore, Switzerland, the UK and the US.

 

Media Contacts

MHP Communications | Rosa Smith | IFDS Account Manager | T +44 (0) 203 128 8100

 

Notes to Editors

International Financial Data Services (“IFDS”):

Is a 50/50 joint venture between affiliates of Boston-based State Street Corporation, the world’s leading provider of services to institutional investors, and DST Systems Inc., a Kansas City, Missouri-based leading provider of shareholder accounting services and proprietary systems.

IFDS is today recognised as the world’s leading provider of investor record keeping and transfer agency solutions on a BPO (Business Process Outsourcing) and ASP (Application Service Provision) basis. Our services are provided to a wide range of global collective investment, wealth management and platform clients, supporting over 18.8 million accounts for over 200 organisations, over 10,000 share classes and with over 4,000 experienced staff based in four locations (Canada, Ireland, Luxembourg & United Kingdom). Figures as September 30, 2012.

State Street Corporation:

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $17.29 trillion in assets under custody and administration and $2.07 trillion in assets under management at September 30, 2012, State Street operates in 29 countries and more than 100 geographic markets worldwide.

DST Systems, Inc.:

DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST’s world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.

 

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