IFDS Managers, the international transfer agency and hosted authorized corporate director joint venture between State Street Corporation and DST Systems, Inc., will provide a full range of integrated service software to the recently converted HEXAM Capitals range of unit trust funds.
The funds will leverage IFDS Managers hosted ACD services, designed to support both new entrants to the UK market, as well as established fund ranges. Clients of the service, such as HEXAM, gain access to IFDS’ transfer agency administration services and technology platforms, combined with the specialist depository, fund accounting and custody services of State Street.
The move to IFDS Managers is a part of HEXAMs natural evolution into a truly independent, fund management-led, emerging market asset manager, Bryan Collings, managing partner of HEXAM Capital, says. With demand for emerging market equities undoubtedly set to grow in the future, we are pleased to be able to utilize the proven expertise of IFDS in providing intermediaries with access to this vital asset class.
Matthew Brown, chief executive officer at IFDS Managers, adds: We are delighted to have supported the conversion of the HEXAM fund. The addition of HEXAM to our expanding client list further reinforces our position as the leading provider in the hosted ACD market. All of us at IFDS Managers look forward to providing our high standards of service to the customers, advisors and intermediaries of HEXAM as their business grows and develops.
IFDS Managers launched in June 2008, and since then has grown to support a total of 16 sponsor organizations and more than 2.7 billion of assets.
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