IFDS appoints Florence Denis as Luxembourg COO
Europe’s leading administrator aligns offshore structure to support continued expansion and growth
International Financial Data Services (IFDS), the international investor outsourcing services and transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that Florence Denis has been appointed Chief Operating Officer of the Luxembourg operations. Florence, along with Kate Brady, who was appointed as Chief Operating Officer of the Ireland operations in 2011, will report to Paul Kelly, Head of Transfer Agency - Ireland and Luxembourg.
Prior to joining IFDS, Florence was an Executive Director at JP Morgan Worldwide Securities Services. Florence has also held senior positions within JP Morgan Investor Services and Private Banking divisions, as well as Deutsche Bank, Bank of New York and Euroclear.
The IFDS group of companies, along with State Street, provides market-leading investor outsourcing, transfer agency, wealth management and insurance and pension record-keeping solutions for a wide range of financial institutions, distributors, advisors and investors in Australia, Austria, Canada, Germany, Hong Kong, Ireland, Italy, Japan, Luxembourg, Singapore, Switzerland, the UK and the US.
Florence Denis, Chief Operating Officer, IFDS, commented:
“IFDS has developed into Europe’s leading provider of investor record-keeping outsourcing services and I am delighted to be part of the team to ensure we continue to deliver and enhance the experience for our clients, their investors, distributors and advisors.”
Paul Kelly, Head of Transfer Agency – Ireland and Luxembourg, IFDS, commented:
“We are delighted to welcome Florence to the IFDS team; she brings a wealth of experience in operations as well as market knowledge which will help us further develop our award winning services and technology solutions for the market and support our growing and diverse range of clients.”
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 240 organisations with over 4,200 experienced staff based in four locations (Canada, Ireland, Luxembourg & United Kingdom). Figures as June 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 $22.4 trillion in assets under custody and administration and $1.9 trillion in assets under management at June 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.