IFDS Successfully Converts Sun Life Global Investments' Suite of Mutual Funds to its Proprietary Platform

TORONTO, ON--(Marketwired - May 29, 2017) - International Financial Data Services (IFDS), a leading provider of technology and outsourcing services to the world's largest and most trusted financial institutions, today announced the successful migration of Sun Life Global Investments' mutual funds to their proprietary technology platform.

IFDS will now provide transfer agency, record keeping, and client support for Sun Life Global Investments' line-up of mutual fund and fund of fund products. This is in addition to the full array of technology and administrative solutions IFDS is currently providing for Sun Life Financial's segregated fund and Guaranteed Income Certificate (GIC) products.

"At Sun Life Global Investments, a positive client experience is key to the success of our business," said Rick Headrick, President, Sun Life Global Investments. "With their robust web platform and product capabilities, IFDS is an excellent fit for our long-term business strategy."

"Sun Life Global Investments has grown tremendously since its inception just seven years ago," said Katherine MacMillan, President and CEO of IFDS. "They needed a solutions and support network that could be as nimble as they are, and we look forward to helping them meet their investment servicing needs for many years to come."

About IFDS

With its global headquarters in Toronto, Canada, International Financial Data Services (IFDS) is a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services over 240 financial organizations around the world, providing solutions to a wide range of global asset managers, wealth managers, banks, and insurance companies. With over 2,000 employees and partners located throughout Canada, Europe, and Asia-Pacific, the IFDS enterprise supports more than 13.6 million accounts with AUA of CAD $2.3 trillion. IFDS is a 50/50 joint venture between Boston-based State Street Corporation, one of the world's leading providers of financial services to institutional investors, and Kansas City, Missouri-based DST Systems Inc., a leading provider of specialized technology, strategic advisory, and business operations outsourcing to the financial and healthcare industries. For more information, visit www.ifdsgroup.ca.

Note to Editors: All figures in Canadian dollars.