Mutual Fund Technologies (MFT), the specialist transfer agency software, services and consulting company has agreed a new five year contract with Schroders Investment Management (Luxembourg) to extend its use of MFT’s GFAS Transfer Agency platform to support its global operations.
Currrently the platform services over USD 500 billion of funds on behalf of over 100 fund groups across 15 countries. Assets under administration have risen by 100 percent in the last 18 months alone.
“Our relationship with Mutual Fund Technologies has flourished since our initial contract was agreed in 1999,” says Gary Janaway, the Head of Operations at Schroders Fund Services Luxembourg. “It is essential to the continued success of our business that we are able to depend on MFT to consistently delivery high quality services. We are confident that MFT will continue to do so in the future and we look forward to developing this key relationship.”
“We are delighted that Schroders has decided to extend their contract with us,” adds Bob Milotte, the Managing Director of Mutual Fund Technologies. “Over the past six years together we have built a strong and dynamic partnership which we look forward to continuing to build on in the future”.