SOURCE: International Financial Data Services (IFDS) Canada

International Financial Data Services

December 07, 2015 08:54 ET

Mawer Appoints IFDS Canada to be Their Primary Transfer Agency and Service Solutions Provider

TORONTO, ON--(Marketwired - December 07, 2015) - International Financial Data Services (IFDS) Canada, a leading provider of technology and outsource services to the world's largest and most trusted financial institutions, today announced that it has been chosen by Calgary-based Mawer Investment Management Ltd. (Mawer), to provide a full range of service solutions for its portfolio of pooled and mutual funds.

Mawer, an award-winning, top-performing investment management firm, will leverage IFDS proprietary technology to provide them with full transfer agency, record-keeping, and back office support services as they continue to expand their wealth business.

"After an extensive review of technology service providers, IFDS emerged as the best and most reliable choice for Mawer moving forward," said Michael Mezei, President of Mawer. "IFDS' industry-recognized experience and in-house expertise, integrated functionality-rich platform, and flexible offering will provide us with the support we need as we grow our investment footprint."

"Mawer has seen substantial growth over the last decade and needs a market leading provider with a proven track record in successful conversions and a deep understanding of their business model," said Katherine MacMillan, President and CEO of IFDS Canada. "Our core and advancing capabilities are well-positioned to assist Mawer with their growth plans and we are delighted they've chosen us to support their investment servicing needs."

Mawer has been managing portfolios for individual and institutional investors for more than three decades, maintaining a systematic, disciplined, bottom up investment approach regardless of market conditions.

About IFDS

International Financial Data Services is recognized as a world-leading provider of outsourcing and technology solutions to the financial services industry. IFDS services are provided to a wide range of global asset managers, wealth managers, platform providers, insurers, and life companies. Supporting more than 45 million investor and policy holder accounts for over 370 financial organizations across Asia-Pacific, Europe, and North America, the IFDS enterprise employs in excess of 7,900 experienced individuals located throughout Canada, Ireland, Luxembourg, the United Kingdom, and the U.S. 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 sophisticated information processing and servicing solutions to companies around the world. For more information visit IFDS' web site at www.ifdsgroup.com.

About Mawer

Founded in 1974, Mawer Investment Management Ltd. is a privately owned, independent investment firm, managing over $30 billion in assets for a broad range of individual and institutional investors across all major investment strategies. The firm employs over 100 people across locations in Calgary, Toronto, and Singapore. For more information, visit Mawer's web site at www.mawer.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