Information Technology
State Street and SS&C Technologies Restructure International Financial Data Services (IFDS) Joint Venture in Luxembourg and Ireland
"This decision will help further simplify each company's operating model and transfer agency experience for our respective clients," said Donna Milrod , Chief Product Officer of State Street. "Our priority throughout this transition is to continue to provide our respective clients with the excellent service they have come to expect from our organizations, as well as retention of the transfer agency employees and expertise."
"We continue to partner closely with State Street on transfer agency and other services. We remain committed to providing our clients with excellent full-service global transfer agency technology and solutions," said Nick Wright , Global Head of SS&C Global Investor & Distribution Solutions (SS&C GIDS).
Each organization will use current teams, technology, processes, and control environments to minimize any disruptions for clients or employees.
This decision does not impact IFDS Canada, the joint venture serving the North American market.
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 $46.6 trillion in assets under custody and/or administration and $4.7 trillion * in assets under management as of December 31, 2024 , State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut , and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
© 2025 State Street Corporation
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