UK INVESTMENT PLATFORM COFUNDS CHOOSES IFDS FOR TRANSFER AGENCY

Posted June 18, 2008

LONDON – International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems Inc., has signed a 10-year contract to provide a technology platform and related services to Cofunds, a UK investment platform.

“The extension of this relationship further strengthens the market leading positions of our respective businesses and will help ensure Cofunds is able to further develop its high quality service into the future,” says Stephen Mohan, Managing Director of Operational Services at Cofunds.

IFDS will continue to provide Cofunds with access to and use of its integrated transfer agency record-keeping platform along with a number of ancillary services, such as inbound and outbound document management.

“This sets a firm foundation for Cofunds’ continued growth and further reinforces the market leading position IFDS has within the transfer agency technology and services market,” says Simon Hudson-Lund, Chief Executive Officer, IFDS.