UMB Fund Services Rebrands Its Alternative Investment Services Division
April 01 2010 - 9:04AM
Business Wire
UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial
Corporation (NASDAQ:UMBF), announced that its Alternative
Investment Services division has been rebranded JD Clark &
Company®, a division of UMB Fund Services.
For its mutual fund servicing business, UMBFS will continue to
use the name UMB Fund Services, Inc.
UMBFS, which commenced operations in 1990 as a provider of
back-office services for mutual funds, expanded its offerings in
2002 to include services for alternative investment products such
as hedge funds. This line of business grew significantly in May
2009 when UMBFS acquired JD Clark & Company, an established
Utah-based firm specializing in servicing alternative investment
products. The two operations have been in the process of
consolidating their systems and processes to provide consistent,
high-quality service to their combined 77 clients representing
approximately 300 funds and more than $17.5 billion in assets as of
December 31, 2009. As part of the consolidation, the JD Clark &
Company name has been adopted for the entire alternative
investments servicing division, which has offices in both Ogden,
Utah, and Media, Pa.
“This rebranding allows us to capitalize upon the strong
reputation of JD Clark & Company, a name that has become
synonymous with operational excellence in the alternative
investment industry over the last 20 years,” said John Zader, CEO,
UMBFS. “The name transition underscores our commitment to becoming
recognized as the leading provider of outsourcing services to the
alternative investment industry.”
“I am proud that UMB Fund Services has chosen to retain the JD
Clark & Company brand for its alternative investment services.
It is a testament to our associates’ dedication and expertise, as
well as the loyalty of our customers,” added Jeff Clark, CEO, JD
Clark & Company. “Being aligned with an organization with the
strength and integrity of UMB Fund Services enhances our brand as
we strive to dominate the marketplace with our proven business
model.”
About the Companies
UMB Fund Services, Inc., headquartered in Milwaukee, Wis.,
offers a complete line of products and services to the mutual fund
industry, including administration and fund accounting, investor
services and transfer agency, marketing and distribution. Its JD
Clark & Co. division in Ogden, Utah, and Media, Pa., offers a
wide range of services for the alternative investment industry. UMB
Financial Corporation (NASDAQ:UMBF), the parent company of UMBFS,
is a financial services holding company with more than $11 billion
in banking assets, headquartered in Kansas City, Mo.
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