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Neptune joins IFDS Distributor services solution

Demonstrating leadership in the delivery of services to intermediaries

London, 4 May 2006 - International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that Neptune Investment Management (Neptune) has gone live with IFDS’ Distributor services solution. The solution is a centralised service for nominee and institutional dealing, enquiry and the provision of online reporting and downloads. Intermediaries and Institutions will be able to download real time reporting in respect of daily deal confirmations, reconciliation reports, valuations and distribution reports via the eDistributor web enabled tool.

Neptune consolidated its administration services with IFDS earlier in the year and the recent move to link to the Distributor services solution reinforces Neptune’s continued intention to provide a superior level of client services.

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

Patrick Berton, Sales Director at Neptune, commented,

“At Neptune we are committed to providing first class service to our clients. As soon as IFDS presented the merits of the Distributor services solution and we established the appetite amongst our clients for this level of servicing, we moved quickly and worked with IFDS to offer our clients this superior level of information and reporting.”

Simon Hudson-Lund, Chief Operating Officer of IFDS commented,

“The decision by Neptune to utilise our Distributor services solution further demonstrates that we deliver the service and information needs that intermediaries and institutions require in today’s market. With Neptune, 16 of our clients now use the Distributor services solution to look after the trading, servicing and information needs of over 50 of the largest institutional clients with;

- Consolidated asset value in excess of £18bn
- Monthly volumes in excess of 60,000 trades

In addition our eDistributor web information solution supports over 800 intermediaries data, reporting and reconciliation information needs. Our solution has become the market benchmark in terms of standards and services to institutions and intermediaries.”