Simon Hudson-Lund becomes CEO of IFDS

London - 25 March 2008

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that Simon Hudson-Lund has become Chief Executive Officer. Prior to this appointment, he was Chief Operating Officer.

Simon Hudson-Lund joined IFDS as Managing Director in 2003, becoming Chief Operating Officer in 2005 and since then has successfully managed the day to day IFDS business. Prior to joining IFDS Simon spent five years at Legal & General, where he was Managing Director responsible for providing unit trust administration services to one of the largest fund managers in the UK.

Charlie Eppinger, commented:

“I have had the privilege of serving as CEO and Executive Chairman of IFDS since its inception in 1995. It has been an exciting period as we have grown from a small start up company to the leading transfer agency in the UK. I have tremendous confidence in Simon and the management.”

Simon Hudson-Lund, Chief Executive Officer of IFDS commented:

”It is a great honour to take over from Charlie as CEO of IFDS, and lead the very strong management team he brought together. All of us at IFDS are excited about continuing to be at the forefront of the investor servicing industry in the UK.”

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