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Mizuho Trust & Banking rolls out Linedata transfer agency system in NY

08 May 2008  |  2238 views  |  0 Source: Linedata Services

Linedata Services (LIN.FP), today announced that Mizuho Trust & Banking (8404.JP), has added the scalable MShare transfer agency system at its US headquarters in New York City.

MShare is the third tool that Mizuho has added from Linedata Services’ Accounting and Investor Services suite, adding to MPartner, a robust, yet easy to use partnership accounting solution, and MFact, a global fund accounting solution.

Mizuho Trust has had a relationship with Linedata Services’ products for almost a decade. The current implementation of MShare is significant because, in conjunction with MPartner, it gives Mizuho Trust the ability to use the only completely integrated transfer agency and partnership accounting solution in the marketplace.

“We are excited to be building on our existing relationship with Mizuho as it expands its business in the alternative investment market,” said Peter Muldoon, Executive Vice President at Linedata Services, Hackensack. “The integrated MShare and MPartner solution will have a lot of value for Mizuho, saving the firm time and money, and reducing risk, as it continues to deal with complex fund structures, both onshore and offshore.”

With MPartner and MShare, Linedata Services has the only integrated platform that provides a comprehensive accounting and shareholder services solution for complex fund structures from a single vendor. Having a single point of entry is a big plus for clients, since it eliminates the time consuming, precarious, manual process of extracting and posting data across different systems.

“As Mizuho expands its business into alternative investments, it is important for us to have an integrated solution from a single vendor,” said George Ziemer, Senior Vice President at Mizuho. “We have had a great partnership with Linedata, which has the only fully integrated accounting and record-keeping solution for the alternatives market. So, in a sense, Linedata was not just the only firm for the job, but it was also our first choice.”

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