Linedata reports Legis Fund Services deal

Source: Linedata Services

Fund administration provider Legis Fund Services Limited, a subsidiary of Legis Group Limited, has partnered with Linedata Services to enhance its fund administration and transfer agency business capabilities through the implementation of Linedata's MFact, MShare and MPartner systems.

Legis Fund Services Limited, with over US$7.5 billion of assets under administration, provides a full service administration capability for a wide range of open and closed ended fund structures and other investment vehicles.

MFact is a leading platform globally for fund accounting with its open architecture and client customisation. The move allows Legis and its clients access to a completely scalable fund accounting and transfer agency / shareholder record keeping system that supports both retail and institutional investment funds, and provides specific functionality for partnership accounting and tax reporting.

"At Legis we have seen excellent growth in our client base and funds under administration during 2008. We are delighted to be partnering with Linedata Services who could offer a system which is versatile and adaptable, to meet our clients increasingly demanding and complex reporting requirements". The Linedata's suite of products will allow Legis Fund Services to improve its service offering to existing and future clients as well as allowing same platform capability in multi-jurisdictions," commented Stuart Platt-Ransom, Group Managing Director of the Legis Group.

Barry McConville, Managing Director of Linedata's Offshore Business for Northern Europe said: "We are delighted that the Legis Group has come on board and chosen our applications MFact, MShare and MPartner to support their fund accounting and transfer agency business. It's a true testament to our business model and support structure that we can work closely with Legis as they grow and expand their Fund Servicing, and ensure ease of use, flexibility and deliver scalability."

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