International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, announced today that the UK fund range of Lord Abbett Limited has gone live with IFDS.
IFDS will be supporting a range of multi-currency OEIC funds for Lord Abbett and providing STP integration with EMX and the US NSCC, as well as direct fund platform links.
IFDS will also provide a wide range of award-winning contact centre and administration services for the Lord Abbett fund range:
- Multi-Currency OEIC support - £, Euro and US$
- Full STP integration with US NSCC and EMX
In addition, the Lord Abbett fund range will form part of the market leading 'Distributor Services' solution 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.
Richard Sieling, Managing Director of Lord Abbett Limited, commented: "The Lord Abbett UK business has evolved over the last several years both in the United Kingdom and globally as we continue to strengthen our partnerships with our clients. Given our dedication to delivering top levels of client service, it is important that our administration and technology providers also have the capabilities and commitment to support our business. 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."
Simon Hudson-Lund, Chief Operating Officer of IFDS commented: "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. "