Caldwell Investment Management Appoints State Street...

Date: Friday, December 11, 2009
Author: Press Release

State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors and IFDS Canada, the expert in transfer agency services, announced today that they have been appointed by Caldwell Investment Management, Ltd to provide custody, fund accounting, fund administration, registered trustee services, foreign exchange, transfer agency and unit-holder recordkeeping services for its fund complex.

“As Caldwell Investment Management expands its business outside of North America, we looked for a truly global and scalable service offering that would allow us to focus on our core business objectives,” said Brendan Caldwell, president of Caldwell Investment Management. “The global reach, strong customer service and advanced technology that State Street and IFDS offered were key differentiators in our decision-making process.”

“This win demonstrates State Street’s comprehensive, global approach to investment servicing,” said Ron Robertson, managing director of State Street’s Investor Services division in Canada. “By partnering with IFDS, we can provide Caldwell Investment Management with a one-stop investment servicing solution that meets the needs of their growing portfolio.”

“IFDS is delighted to partner with Caldwell Investment Management,” added Debralee, Goldberg, president of IFDS (Canada) Ltd. “Our comprehensive back office solutions will give Caldwell innovative, quality solutions customized to fit their business.”

Caldwell Investment Management Ltd. has managed significant financial assets for families, individuals, corporations, trusts and foundations on a discretionary basis since 1980. Caldwell Investment Management also manages the Caldwell group of mutual funds for which capital preservation and growth are key goals.

State Street has provided solutions to Canada’s financial services community for more than twenty years. With more than 1,200 employees in Toronto, Montreal and Vancouver, State Street provides a broad array of services to many of Canada’s leading institutional investors.

IFDS is a 50/50 joint venture between affiliates of Boston-based State Street Corporation and DST Systems Inc., a Kansas City, Missouri-based leading provider of shareholder accounting services and proprietary systems. IFDS is today recognized as the world’s leading provider of investor record keeping and transfer agency solutions on a BPO (Business Process Outsourcing) and ASP (Application Service Provision) basis. IFDS’s services are provided to a wide range of global collective investment, wealth management and platform clients, supporting over 17 million accounts for over 190 organizations, over 9,000 funds and with over 2,700 experienced staff based in four locations (Canada, Ireland, Luxembourg & United Kingdom). Figures as June 30, 2009

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $17.9 trillion in assets under custody and administration and $1.7 trillion in assets under management at September 30, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s web site at