Dutch fund administrator Intertrust has partnered with Viteos Fund Services in order to further develop its technology foundation to serve what it describes as ‘changing client needs’.
Under the guidance of new CEO, Stephanie Miller, the administrator has outlined ambitious growth plans including geographic expansion into the US and Asia.
In 2018, Intertrust moved into the Australian fund market and created 60 new roles in Ireland.
The administrator has described its latest agreement with Viteos as a major step in advancing its technology innovation.
“Innovative technology solutions developed by Viteos for similar industries are exactly what our clients are waiting for, offering a seamless and effective experience,” said Miller. “While enabling our clients to grow their global business sustainably, they also want tailored solutions to operate efficiently, transparently and with full insight into relevant data. This is precisely what we will be doing in partnership with Viteos.
“We’re constantly enhancing our service offering to ensure that we deliver great value to our clients and technological innovation plays a crucial role in that. Not only do we optimise our service levels through smart use of technology, we also improve collaboration and achieve efficiency gains. The partnership with Viteos is another step of our strategy to become the leading tech-enabled corporate and fund solutions provider.”
In September, Intertrust laid out its strategic plan for the next three years, with acquisitions being a central part to growing its fund administration business.
The 2019-21 strategy laid out by Miller, the former head of global fund services at JP Morgan, aims to grow the administrator to become a tech-enabled corporate and fund solutions provider.
A central part of its growth strategy will be organic growth and mergers and acquisitions (M&A), with a strong focus on fund administration and capital markets.