London, 06 March 2006 - International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST, announced today that it has completed the consolidation for the open-ended funds transfer agency activities of Neptune Investment Management (Neptune).
IFDS will provide a wide range of investor and distributor services on behalf of Neptune to retail and institutional investors, financial advisors, distributors and fund platforms.
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.
Robin Geffen, Managing Director, Neptune Investment Management said,
â'We are very pleased to have moved our administration to IFDS. Neptune's twin objectives of delivering superior performance combined with top-level client services are fundamental to the success of our business. We believe that the service provided by IFDS to be of the highest standard.â
Simon Hudson-Lund, Chief Operating Officer of IFDS commented,
âWe are delighted that Neptune recognises the high levels of service and quality combined with the advanced technology solutions that IFDS provides. This agreement is yet further evidence that IFDS is the leading provider of solutions to the transfer agency marketplace. This deal allows Neptune to focus on strategic objectives, knowing that its investors, institutions, advisors and distributors are receiving class-leading levels of service.â