Caldwell Investment Management Appoints State Street and IFDS to Provide Investment Servicing Solutions
December 10 2009 - 2:00PM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors and IFDS
Canada, the expert in transfer agency services, announced today
that they have been appointed by Caldwell Investment Management,
Ltd to provide custody, fund accounting, fund administration,
registered trustee services, foreign exchange, transfer agency and
unit-holder recordkeeping services for its fund complex.
“As Caldwell Investment Management expands its business outside
of North America, we looked for a truly global and scalable service
offering that would allow us to focus on our core business
objectives,” said Brendan Caldwell, president of Caldwell
Investment Management. “The global reach, strong customer service
and advanced technology that State Street and IFDS offered were key
differentiators in our decision-making process.”
“This win demonstrates State Street’s comprehensive, global
approach to investment servicing,” said Ron Robertson, managing
director of State Street’s Investor Services division in Canada.
“By partnering with IFDS, we can provide Caldwell Investment
Management with a one-stop investment servicing solution that meets
the needs of their growing portfolio.”
“IFDS is delighted to partner with Caldwell Investment
Management,” added Debralee, Goldberg, president of IFDS (Canada)
Ltd. “Our comprehensive back office solutions will give Caldwell
innovative, quality solutions customized to fit their
business.”
Caldwell Investment Management Ltd. has managed significant
financial assets for families, individuals, corporations, trusts
and foundations on a discretionary basis since 1980. Caldwell
Investment Management also manages the Caldwell group of mutual
funds for which capital preservation and growth are key goals.
State Street has provided solutions to Canada’s financial
services community for more than twenty years. With more than 1,200
employees in Toronto, Montreal and Vancouver, State Street provides
a broad array of services to many of Canada’s leading institutional
investors.
IFDS is a 50/50 joint venture between affiliates of Boston-based
State Street Corporation and DST Systems Inc., a Kansas City,
Missouri-based leading provider of shareholder accounting services
and proprietary systems. IFDS is today recognized as the world’s
leading provider of investor record keeping and transfer agency
solutions on a BPO (Business Process Outsourcing) and ASP
(Application Service Provision) basis. IFDS’s services are provided
to a wide range of global collective investment, wealth management
and platform clients, supporting over 17 million accounts for over
190 organizations, over 9,000 funds and with over 2,700 experienced
staff based in four locations (Canada, Ireland, Luxembourg &
United Kingdom). Figures as June 30, 2009
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $17.9 trillion in assets
under custody and administration and $1.7 trillion in assets under
management at September 30, 2009, State Street operates in 27
countries and more than 100 geographic markets worldwide. For more
information, visit State Street’s web site at
www.statestreet.com
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