SOURCE: International Financial Data Services (IFDS) Canada

International Financial Data Services

May 11, 2017 09:30 ET

IFDS to Provide Array of Technology and Administrative Solutions for ATB GICs

TORONTO, ON--(Marketwired - May 11, 2017) - International Financial Data Services (IFDS) Canada, a leading provider of technology and outsourcing services to the world's largest and most trusted financial institutions, today announced that it has been chosen by ATB Financial to provide a full range of Guaranteed Income Certificate (GIC) solutions.

In addition to providing transfer agency, record keeping, and back office support to ATB's mutual fund and High Interest Savings Account (HISA) products, IFDS will now be extending its support coverage to include ATB's line of GIC products marketed through Securities Dealers.

"We have had a long and successful relationship with IFDS, having previously leveraged their integrated platform to support our mutual fund and HISA business," said Aly Sumar, Treasurer at ATB Financial. "The quality and consistency of the service we have received from IFDS over the years, combined with their flexible tools and knowledgeable team of professionals, made our decision to expand our collaboration to include GICs a relatively easy one, and we are excited to start this new chapter in our partnership."

"ATB continues to grow its financial service offering in Alberta, building upon the reliable and comprehensive investing options they have been providing to their clients for decades," said Katherine MacMillan, President and CEO of IFDS Canada. "We are delighted they have chosen us to continue supporting their growth in the market and look forward to strengthening our relationship even further."

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.

About ATB
ATB Financial is the largest Alberta-based financial institution, with over $48.7 billion in assets. Growing from a single Treasury Branch in 1938, ATB Financial now employs more than 5,000 people across the province, serving over 715,000 clients in 244 communities. With an AUA of $16 billion, subsidiary ATB Investor Services provides expert advice and a full range of comprehensive investment solutions. For more information, visit www.atb.com.

Note to Editors: All figures in Canadian dollars.

Contact Information

  • Media Contact:
    Rita John
    Manager, Marketing & Communications
    International Financial Data Services
    +1 416-506-8000 ext. 5640
    rjohn@ifdsgroup.com