IFDS Appoints Simon Moorhead as Global Chief Information Officer
International Financial Data Services (IFDS), a leading global provider of outsourcing and technology solutions to the collective investment, retirement, insurance, and platform markets, today announced the appointment of Simon Moorhead as Chief Information Officer of its global business.
Mr. Moorhead will assume overall responsibility for the global strategic development of the firm’s technology infrastructure and operations across its locations in Asia-Pacific, Canada, and Europe. He will be based in the UK and join the IFDS Board of Directors, reporting to Simon Hudson-Lund, Executive Chairman.
“Simon’s role will be crucial as we expand to serve an increasingly global client base with increasingly complex requirements,” said Mr. Hudson-Lund. “His wealth of experience and knowledge will prove invaluable as we continue to enhance our global technology platform and operations.”
Mr. Moorhead joins IFDS from the Bank of England, where he was Chief Information Officer responsible for ensuring IT change was aligned with the bank’s policy and operational priorities. In that role, he led the IT programme that helped create the Prudential Regulation Authority in April 2013. Previously, Mr. Moorhead was at Reuters in a global IT role after more than a decade as a management consultant for Ernst & Young and Cap Gemini. He began his career at HSBC.
“The business and regulatory world in which we operate is increasingly complex and demands technologies that are ever more flexible yet robust,” said Mr. Moorhead. “My focus will be on ensuring IFDS remains at the forefront of its field, providing the right services to meet our clients’ needs at the right time. I’m excited to be joining such a dynamic and growing business at this time in its journey.”
Notes to Editors
International Financial Data Services is recognised as a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services are provided to a wide range of global asset managers, wealth managers, platform providers, insurers, and life companies. Supporting more than 44 million investor and policy holder accounts for over 370 financial organisations across Asia-Pacific, Europe, and North America, the IFDS enterprise employs in excess of 7,000 experienced individuals located throughout Canada, Ireland, Luxembourg, the United Kingdom and the United States of America. IFDS is a 50/50 joint venture between Boston-based State Street Corporation, one of the world’s leading providers of financial services to institutional investors, and Kansas City, Missouri-based DST Systems Inc., a leading provider of information processing and software services and products to companies around the world. Figures as September 30, 2013. For more information visit www.ifdsgroup.com.