Aberdeen Standard Investments extends transfer agency relationships
22 December 2020 Luxembourg
Image: Boris Stroujko/Adobe Stock
Global asset manager Aberdeen Standard Investments has extended its transfer agency services relationship with SS&C and International Financial Data Services (IFDS) to its Luxembourg division.
SS&C Global Investor and Distribution Solutions (GIDS) will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg, with local support from IFDS.
With its global headquarters in Toronto, Canada, IFDS provides outsourcing and technology solutions to the financial services industry.
SS&C is a global provider of services and software for the financial services and healthcare industries.
Aberdeen Standard Investments already uses SS&C GIDS solutions for transfer agency services in the UK.
The asset manager will now use the technology and service offering for its 23,000 accounts in Luxembourg.
SS&C will provide recordkeeping, unique data-driven operational insights, real-time transparent oversight, intelligent automation, and digital tools.
It was explained SS&C GIDS will service Aberdeen Standard Investments clients globally with round-the-clock support. IFDS will complete local servicing in Luxembourg.
Mike Tumilty, global chief operating officer at Aberdeen Standard Investments, commented: “We are excited to extend our relationship with SS&C, the largest global transfer agency. SS&C’s and IFDS’s global approach to servicing will enable us to deliver a unified global digital customer experience across domiciles.”
Nick Wright, head of global investor and distribution solutions, added: “We thank Aberdeen Standard Investments for their continued trust and partnership. We are committed to delivering best-in-class technology and consistent, knowledgeable service so our clients can optimise a truly global model.”
Earlier this year, Aberdeen Standard renewed its back-office servicing deal with State Street for back-office investment servicing solutions.
SS&C Global Investor and Distribution Solutions (GIDS) will provide BPO and global transfer agency services to Aberdeen Standard Investments Luxembourg, with local support from IFDS.
With its global headquarters in Toronto, Canada, IFDS provides outsourcing and technology solutions to the financial services industry.
SS&C is a global provider of services and software for the financial services and healthcare industries.
Aberdeen Standard Investments already uses SS&C GIDS solutions for transfer agency services in the UK.
The asset manager will now use the technology and service offering for its 23,000 accounts in Luxembourg.
SS&C will provide recordkeeping, unique data-driven operational insights, real-time transparent oversight, intelligent automation, and digital tools.
It was explained SS&C GIDS will service Aberdeen Standard Investments clients globally with round-the-clock support. IFDS will complete local servicing in Luxembourg.
Mike Tumilty, global chief operating officer at Aberdeen Standard Investments, commented: “We are excited to extend our relationship with SS&C, the largest global transfer agency. SS&C’s and IFDS’s global approach to servicing will enable us to deliver a unified global digital customer experience across domiciles.”
Nick Wright, head of global investor and distribution solutions, added: “We thank Aberdeen Standard Investments for their continued trust and partnership. We are committed to delivering best-in-class technology and consistent, knowledgeable service so our clients can optimise a truly global model.”
Earlier this year, Aberdeen Standard renewed its back-office servicing deal with State Street for back-office investment servicing solutions.
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