State Street Corporation and International Financial Data Services (IFDS) have been appointed by Rensburg Fund Management to provide a range of services for its UK unit trust funds for approximately 1 billion in assets.
State Street has been appointed to provide custody and fund accounting for Rensburg Fund Management’s UK unit trust funds. IFDS will provide an administration service for these funds, including direct links to platforms and full straight-through processing (STP) integration with EMX. In addition, the Rensburg fund range will form part of the market-leading ‘Distributor Services’ application that IFDS provides to more than 60 of the UK’s leading distributors and institutions as well as access for more than 1,000 IFAs to the web-based information and reporting portal.
“State Street and IFDS have the same customer focus ethos as Rensburg Fund Management and we are therefore delighted to appoint them as our service providers. We look forward to working with both organisations to continue to provide our clients with the high levels of service they have come to expect from us,” says Alex Brotherston, joint CEO, Rensburg Fund Management.
“I am delighted to welcome Rensburg to the IFDS client base. We are committed to providing quality and service to the customer, and this reinforces to the market that the IFDS array of services are market leading,” says Simon Hudson-Lund, CEO, IFDS.
“We look forward to building a strong partnership with Rensburg Fund Management and are pleased to offer them a full service solution for its UK fund structures,” adds Wade McDonald, head of Customer Management for State Street’s investor services team in the United Kingdom, Middle East and Africa.