The UK fund range of Lord Abbett Limited has gone live with International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc.
IFDS will be supporting a range of multi-currency OEIC funds for Lord Abbett and providing straight-through processing (STP) integration with EMX and the US NSCC, as well as direct fund platform links.
In addition, the Lord Abbett fund range will form part of the Distributor Services application that IFDS provides to more than 60 of the UKs distributors and institutions as well as access for more than 1,000 IFAs to the web-based information and reporting portal.
“IFDS is the leader in the market and have illustrated its expertise in transitioning our business. We are pleased to work with IFDS as our business develops and grows,” says Richard Sieling, managing director, Lord Abbett Limited.
“I am delighted to welcome Lord Abbett to the IFDS client base. This move is further proof of our capability to support organisations with extensive domestic and offshore distribution models in an efficient manner,” adds Simon Hudson-Lund, COO, IFDS.