Investec live on IFDS straight-through link to EMX


International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST, announced today that Investec has gone live with IFDS's EMX STP solution (FAST/eHUB).

Since 2002, IFDS has provided Investec with a wide range of record keeping services for its U.K. fund range. A total of nine IFDS fund management clients now utilise EMX.

Based in the UK, Luxembourg and Canada, IFDS provides market-leading technology and services for investor and distributor servicing for fund management and distribution companies around the world.

Andrew Sowerby, Joint Managing Director, Investec Fund Managers said, "At Investec we are committed to providing first class service to our clients. We were not an early adopter of EMX, preferring instead to work with them on a solution that delivered significant improvements for our key intermediary clients and our own back office processes. Once we were convinced of the merits, we have moved quickly and worked with IFDS to ensure we achieve straight through processing (STP). Since launching this relationship just a couple of weeks ago we have already moved several key clients across and are confident of achieving service improvements for all involved."

Simon Hudson-Lund, Managing Director of IFDS said, "IFDS is at the forefront of retail investment fund processing. We recognised at an early stage that EMX would play an important role in the UK industry and as a result we have invested in the development of straight through processing (STP) links to EMX thereby allowing our clients, such as Investec, to reap the benefits of STP processing via EMX. This enables them to access faster, more accurate and cost effective processing."

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