State Street, though its fund administration arm IFDS Canada, has been appointed by Caldwell Investment Management, 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, said 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, said 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.
IFDS is delighted to partner with Caldwell Investment Management, added Debralee Goldberg, president of IFDS (Canada) Ltd. Our comprehensive back office solutions will give Caldwell innovative, quality solutions customized to fit their business.
IFDS is a 50/50 joint venture between affiliates of Boston-based State Street Corporation and DST Systems, a Missouri-based provider of shareholder accounting services and proprietary systems.