IFDS aligns service structure to support enhanced range of services for existing and new clients

London - 11 October 2010

Europe’s leading transfer agency and wealth management provider appoints Matthew Brown as Chief Administration Officer

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that Matthew Brown has been appointed as Chief Administration Officer of IFDS’ UK wealth management and transfer agency operations. Mr Brown will be responsible for the administration and operations, settlements, client finance and the IFDS Managers hosted ACD business. He will report to Simon Hudson-Lund, Chief Executive Officer.

Mr Brown joined IFDS in January 2007 as part of the Business Development group; he also served as Business Development Director of IFDS prior to assuming his new role. He has many years of experience in the financial services industry, covering all aspects of administration and wealth management. Previously Mr Brown was a Senior Vice President and Head of Collective Fund Services at State Street as well as Chief Operating Officer of a wealth management platform.

The IFDS group of companies, along with State Street, provides market-leading transfer agency, wealth management and investor record-keeping solutions for a wide range of institutions, distributors, advisors and investors in Australia, Canada, Germany, Hong Kong, Ireland, Italy, Luxembourg, Singapore, Switzerland, the UK and the US.

Simon Hudson-Lund, Chief Executive Officer - IFDS, commented:
”Matthew brings deep wealth management administration knowledge and technical experience to the role of Chief Administration Officer. I am delighted Matthew will be leading our operational teams as we enhance our services to meet our existing and new clients’ needs as they evolve their wealth management and product offerings. His previous experience in a broad range of wealth management products makes him ideal for this role.”

Mathew Brown, Chief Administration Officer, IFDS, commented:
“I am proud and delighted to take on the role as Chief Administration Officer at the industry’s leading transfer agent and wealth management administration provider. It is an exciting time to be at IFDS as we evolve and develop our range of services and solutions and I am looking forward to the challenge.”

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