Old Mutual Fund Managers (Old Mutual) UK fund business selects International Financial Data Services (IFDS) to outsource its business.
IFDS, the international transfer agency joint venture between State Street Corporation and DST Systems, provides market-leading service and technology applications for distributors, advisors and investors in the UK as well as Canada, Ireland, Luxembourg and via Boston Financial Data Services to the U.S. market.
The company will deliver Old Mutual full range of services: the investor and adviser call centre for its UK line of OEICs, servicing of distributors and financial institutions.
We are delighted to be working with IFDS. As one the UK’s leading fund administrators, IFDS has a reputation for high quality operations and service platform, says Paul Nathan, chief operating officer, Old Mutual. We look forward to working with IFDS as we manage and grow our business.
We are delighted to be working with Old Mutual as its administration service provider, says Simon Hudson-Lund, chief executive officer, IFDS. The decision by Old Mutual to outsource its transfer agency functions to IFDS further reinforces our belief that we are the leading provider of services and systems in this ever more challenging business environment.
L.D.