IFDS Confirms 10-Year Deal With Cofunds

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., signed a 10 year contract to provide Cofunds, a UK investment platform with a technology platform and related services. The deal

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International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., signed a 10-year contract to provide Cofunds, a UK investment platform with a technology platform and related services.

The deal marks a contract extension until the end of 2017 and further reinforces the relationship between Cofunds and IFDS.

IFDS will continue to provide Cofunds with access to and use of its integrated transfer agency record keeping platform along with a number of ancillary services such as inbound and outbound document management.

“The relationship between IFDS and Cofunds remains core to the continuing development of our market leading platform proposition,” says Stephen Mohan, managing director, operational services. “The extension of this relationship further strengthens the market leading positions of our respective businesses and will help ensure Cofunds is able to further develop its high quality service into the future.”

“I am delighted that Cofunds has chosen to extend our successful relationship, built up over the last 5 years, says Simon Hudson-Lund, chief executive jfficer of IDS. “It sets a firm foundation for Cofunds’ continued growth and further reinforces the market leading position IFDS has within the transfer agency technology and services market.”

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