State Street and International Financial Data Services (IFDS), the international transfer agency joint venture between State Street and DST Systems, are now offering Singapore transfer agency representative services.

The Hong Kong transfer agency service centre provides client servicing and regional distributor support services for a range of clients that distribute both Irish and Luxembourg-domiciled fund ranges in the Asian markets.

The new Singapore representative services offering will provide an array of services to assist clients with the distribution of funds in the Asian markets. It forms part of State Street's and IFDS' wider global transfer agency support strategy to provide global ‘follow-the-sun' processing and service models as well as regional distributor support capabilities for clients.

 "Transfer agency servicing is an integral part of the extensive range of investor servicing solutions that State Street and IFDS provide to the Asian marketplace," said Peter O'Neill, executive vice president State Street. "We are seeing tremendous growth in assets and distribution coverage, and along with IFDS, we are continuing to invest in technology, infrastructure and personnel across the region to ensure our clients are best positioned to take advantage of the region's opportunities."

"Our objective is to be the leading provider of transfer agency services around the world," said Paul O'Neil, managing director of IFDS. "Both of these service offerings are core to that objective and are proving successful and popular with our clients, with local institutions and with distributors who highly rate the services we provide."