State Street and SS&C Technologies Restructure International Financial Data Services (IFDS) Joint Venture in Luxembourg and Ireland
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Transfer Agency Services Provided by IFDS in
Ireland and Luxembourg to be Assumed by State Street and SS&C
State Street will insource the transfer agency services capabilities for its clients. SS&C will rebrand the existing transfer agency entities in
“This decision will help further simplify each company’s operating model and transfer agency experience for our respective clients,” said Donna Milrod, Chief Product Officer of State Street. “Our priority throughout this transition is to continue to provide our respective clients with the excellent service they have come to expect from our organizations, as well as retention of the transfer agency employees and expertise.”
“We continue to partner closely with State Street on transfer agency and other services. We remain committed to providing our clients with excellent full-service global transfer agency technology and solutions,” said Nick Wright, Global Head of SS&C Global Investor & Distribution Solutions (SS&C GIDS).
Each organization will use current teams, technology, processes, and control environments to minimize any disruptions for clients or employees.
This decision does not impact IFDS Canada, the joint venture serving the North American market.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With
*Assets under management as of December 31, 2024 includes approximately
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
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Media Contact:
State Street: Ed Patterson
+1 404-213-3106
epatterson@statestreet.com
SS&C Technologies: Sam Gentile
+1-646-818-9195
pro-SSC@prosek.com
Source: State Street Corporation