International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST, has completed the consolidation and fund merger program for the open-ended fund transfer agency activities of F&C Asset Management (F&C).
F&C has consolidated its UK open-ended fund range transfer agency servicing with IFDS. The new consolidated business will operate on an outsourced basis with IFDS providing a wide range of investor and distributor services on behalf of F&C to retail and institutional investors, financial advisors and distributors.