International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, signs a contract extension to provide Aberdeen Asset Management (Aberdeen), a international asset management group, with a wide range of transfer agency services and technologies to support its business.
The deal marks a contract extension until 2013 and further reinforces the relationship between Aberdeen and IFDS.
IFDS provides a full range of integrated transfer agency services including its customer call centre as well as its specialist platform and distributor servicing tool, which provides a single point of contact for platforms and large distributors with extensive online reporting and information via the IFDS DistributorOnline portal.
IFDS provides service and technology applications for distributors, advisors and investors in Canada, Ireland, Luxembourg and the UK, as well as via Boston Financial Data Services to the U.S. market.
“We are extremely pleased to extend our relationship with IFDS,” says Gary Marshall, head of Collective Funds, Aberdeen. “The extension is based on the ability of IFDS to deliver the high standards of services our investors, advisors and distributors demand. We have worked with IFDS for a number of years now and look forward to working with them going forward as our business evolves.”
“I am delighted that Aberdeen has chosen to extend our successful relationship,” says Simon Hudson-Lund, chief executive officer. “Their decision sends a powerful message that IFDS continues to provide the leading range of transfer agency services to the market. We look forward to working with our colleagues at Aberdeen as they evolve and grow their business.”
L.D.