State Street and SS&C Technologies restructure data services joint venture
25 February 2025 Ireland
Image: stock.adobe.com/susanne2688
State Street and SS&C Technologies have restructured their international financial data services (IFDS) joint venture in Luxembourg and Ireland.
Under this restructuring, State Street will in-source the transfer agency services capabilities for its clients.
Donna Milrod, chief product officer of State Street, says: “Our priority throughout this transition is to continue to provide our respective clients with the excellent service they have come to expect from our organisations, as well as retention of the transfer agency employees and expertise.”
Meanwhile, SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg. These entities will now operate as a wholly-owned SS&C business within its Global Investor and Distributions Solutions division.
Nick Wright, global head of SS&C Global Investor and Distribution Solutions, adds: “We continue to partner closely with State Street on transfer agency and other services. We remain committed to providing our clients with excellent full-service global transfer agency technology and solutions.”
Under this restructuring, State Street will in-source the transfer agency services capabilities for its clients.
Donna Milrod, chief product officer of State Street, says: “Our priority throughout this transition is to continue to provide our respective clients with the excellent service they have come to expect from our organisations, as well as retention of the transfer agency employees and expertise.”
Meanwhile, SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg. These entities will now operate as a wholly-owned SS&C business within its Global Investor and Distributions Solutions division.
Nick Wright, global head of SS&C Global Investor and Distribution Solutions, adds: “We continue to partner closely with State Street on transfer agency and other services. We remain committed to providing our clients with excellent full-service global transfer agency technology and solutions.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
