State Street and SS&C Technologies Restructure International Financial Data Services (IFDS) Joint Venture in Luxembourg and Ireland

BOSTON & LONDON – On February 25, State Street Corporation and SS&C Technologies announced their intention to restructure the European component of their International Financial Data Services (IFDS) LP joint venture arrangement in Luxembourg and Ireland, following an almost 20-year collaboration.

Under this plan, transfer agency services delivered by IFDS in Ireland and IFDS in Luxembourg will transition into each organization’s respective operations. Each organization will use current teams, technology, processes, and control environments to minimize any disruptions for clients or employees.

This announcement does not affect IFDS Canada, which will maintain its strong presence as a trusted provider of transfer agency and investment services, continuing to support its clients as it does today.

Fore more information read the news releases below:

State Street Corporation News Release
SS&C News Release