IFDS the international transfer agency and hosted Authorised Corporate Director (ACD) joint venture between State Street Corporation and DST Systems, announced today that Apollo Multi-Asset Management business (Apollo) has gone live with the IFDS Managers hosted ACD service.
The launch of Apollo represents another new client for IFDS Managers hosted ACD service, which has been designed to support both new entrants to the market like Apollo, as well as existing established fund ranges. By launching with IFDS, the Apollo funds gain access to the market leading administration services and technology platforms that IFDS provides, along with the specialist fund accounting and custody services of State Street.
Craig Wetton, Investment Manager of Apollo commented: "We are delighted to be working with IFDS. We expect that they will deliver a high level service to our clients and the Apollo business, whilst allowing the team at Apollo to concentrate on their core skills of multi asset management and the gathering of funds under management."
Matthew Brown, Business Development Director of IFDS commented: "Our hosted ACD service continues to develop and the Apollo funds mark another step in the growth of this service. We look forward to providing our high standards of service to Apollo and their customers and working with them as their business grows."