IFDS Chosen by Harvest Portfolios Group Inc. to Provide Fund Administration and Transfer Agency Services

Harvest Portfolios Group Inc. awards IFDS with fund administration and transfer agency services for their new mutual fund, the HARVEST Banks & Buildings Income Fund

TORONTO, Nov. 15, 2011 /CNW/ - International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, Inc., announced today that it has recently gone live with a range of transfer agency, record-keeping and back-office support services for Harvest Portfolios Group Inc., and its newly-launched open-ended mutual fund, the HARVEST Banks & Buildings Income Fund.

"IFDS provided us with feature-rich technology and adaptable service solutions that naturally integrated with our business," said Michael Kovacs, President & Chief Executive Officer, Harvest Portfolios Group Inc. "We look forward to leveraging the breadth of industry knowledge and experience IFDS has to offer."

"Harvest was looking for a scalable solution that would provide the organization with both service excellence and advanced technology." said Debralee Goldberg, President and CEO, IFDS Canada. "Harvest Portfolios Group Inc., is a proactive and progressive new mutual fund company and we look forward to working with Harvest to promote its growth."

IFDS continues to be recognized for innovative solutions, technology, and most recently for it corporate social responsibility. IFDS won the "Best Use of Technology" award for two years consecutively in 2009 and 2010 at the Canadian Investment Awards and was recognized with "Most Innovative Project of the Year" at the 2011 ICFA Americas Service Provider Awards. IFDS was also honoured by the 2011 Stevies American Business Awards for "Corporate Social Responsibility" and for being the "Most Innovative Company of the Year."

About Harvest Portfolios Group Inc.
Harvest Portfolios Group is a Canadian Investment Manager that was founded in 2009. The company has focused on developing products that have i) clear and straight forward mandates ii) transparent in structure and iii) produce steady income. Harvest has launched five funds that follow these mandates and has raised $200 million in very challenging markets. Harvest continues to develop products that provide Canadian Investors with attractive levels of steady income.
www.harvestportfolios.com

About IFDS
IFDS Canada creates the technology and service solutions the financial industry is built on. Leading investment and insurance providers trust IFDS Canada for their award-winning record-keeping platform and back office services. For more than 30 years, IFDS Canada's knowledge, experience, financial strength and advanced technology have enabled their clients around the globe to achieve their business goals and their investment in the future will help them continue to lead the way.
www.ifdsgroup.com

NOTES TO EDITORS:
International Financial Data Services ("IFDS"):
Is a 50/50 joint venture between affiliates of Boston-based State Street Corporation, the world's leading provider of services to institutional investors, and DST Systems Inc., a Kansas City, Missouri-based leading provider of shareholder accounting services and proprietary systems.

IFDS is today recognised 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. Our services are provided to a wide range of global collective investment, wealth management and platform clients, supporting over 18.5 million accounts for over 200 organisations, over 5,000 funds and with over 2,500 experienced staff based in four locations (Canada, Ireland, Luxembourg & United Kingdom). Figures as June 30, 2011.

State Street Corporation:
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 $21.5 trillion in assets under custody and administration and $1.9* trillion in assets under management at September 30, 2011, State Street operates in 26 countries and more than 100 geographic markets.

*This AUM includes the assets of the SPDR Gold Trust (approx. $64 billion as of September 30, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent

DST Systems, Inc.:
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST's world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.

For more information visit the IFDS web site             ifdsgroup.com
or   State Street's web site             statestreet.com
or   DST Systems web site             dstsystems.com
               

 

SOURCE International Financial Data Services

For further information:

MEDIA CONTACTS:
International Financial Data Services
Tobi McGrory, Vice-President, Marketing and Communications & Product Management
  T 416-506-8006
  tmcgrory@ifdsgroup.com
Harvest Portfolios Group Inc.
Mary Medeiros, Vice President of Operations & Director   T 1-866-998-8298
  mmedeiros@harvestportfolios.com

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International Financial Data Services

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