EUROPE - International Financial Data Services (IFDS) - a State Street and DST joint venture - has appointed Jim Clark as head of European business development.
Clark will be based in Luxembourg and will report to Paul Roberts, deputy managing director of IFDS and Tim Caverly, managing director, investment services Europe at State Street. His role will be to expand the delivery of State Street and IFDS’s bundled services to European clients and also to oversee the development of IFDS’ own European direct client base.
Clark joins IFDS from Cogent Investment Operations, where he was head of sales and relationship management for European business in Europe for two years.
IFDS is the international transfer agency joint venture between State Street Corporation and DST Systems. IFDS provides global technology and services for investor and distributor servicing for fund management and distribution companies. Since mid 2001 IFDS’ systems have been used by State Street for its fund management clients in Luxembourg; State Street is also completing arrangements to use IFDS systems to serve the Dublin market.
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