IFDS the international transfer agency and hosted Authorised Corporate Director (ACD) joint venture between State Street Corporation and DST Systems, announced today that the Frontier Capital Management business (Frontier) has gone live with the IFDS Managers hosted ACD service.
The launch of Frontier represents yet another new client for IFDS Managers hosted ACD service, which has been designed to support both new entrants to the UK market like Frontier, as well as existing established fund ranges. By launching with IFDS, Frontier gains 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.
Colin Hodges, Chief Operating Officer of Frontier Capital commented: "We are very pleased to be working with IFDS Managers on the IFDS Frontier MAP Balanced Fund. Working with an organisation with IFDS' depth and breadth of experience allows us to bring our unique multi-asset investment approach to a wider range of UK based intermediaries and investors."
Matthew Brown, Business Development Director of IFDS commented: "We are delighted to welcome Frontier Capital onto our hosted ACD service, the addition of Frontier Capital to our expanding client list further reinforces our position as the leading provider in the hosted ACD market. We look forward to providing our high standards of service to the customers, advisors and intermediaries of Frontier Capital as their business grows and develops."