State Street Corporation, the provider of financial services to institutional investors and IFDS Canada, the expert in transfer agency services, announced today that they have been appointed by Caldwell Investment Management, Ltd to provide custody, fund accounting, fund administration, registered trustee services, foreign exchange, transfer agency and unit-holder recordkeeping services for its fund complex.
As Caldwell Investment Management expands its business outside of North America, we looked for a truly global and scalable service offering that would allow us to focus on our core business objectives, says Brendan Caldwell, president of Caldwell Investment Management. The global reach, strong customer service and advanced technology that State Street and IFDS offered were key differentiators in our decision-making process.
This win demonstrates State Streets comprehensive, global approach to investment servicing, says Ron Robertson, managing director of State Streets Investor Services division in Canada. By partnering with IFDS, we can provide Caldwell Investment Management with a one-stop investment servicing solution that meets the needs of their growing portfolio.
Caldwell Investment Management Ltd. has managed significant financial assets for families, individuals, corporations, trusts and foundations on a discretionary basis since 1980. Caldwell Investment Management also manages the Caldwell group of mutual funds for which capital preservation and growth are key goals.
State Street has provided solutions to Canadas financial services community for more than twenty years. With more than 1,200 employees in Toronto, Montreal and Vancouver, State Street provides a broad array of services to many of Canadas leading institutional investors.
D.C.