IFDS has established a quality Information Security Management System (ISMS) in conformance with the International Quality System Standard ISO 27001
TORONTO, April 12, 2012 /CNW/ - The Canadian operation of 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 achieved ISO 27001 certification, establishing IFDS as one of the leaders in its field.
ISO 27001 is the set of international standard specifications against which organizations can certify the compliance of their Information Security Management System (ISMS). The 27001 group of standards set out by the International Organization for Standardization (ISO) includes requirements for the establishment, implementation, monitoring and review of an organization's overall framework for managing information security risks.
This independent assessment brings increased rigor and formal controls to an organization's system, helping to reduce risk and increase security awareness. IFDS Canada joins the small group of fewer than a dozen Canadian organizations with ISO 27001 certification.
"This is the culmination of close to two years of planning and hard work, drawing on expertise from across the entire organization" said Bruce Pinn, Chief Information Officer, IFDS Canada. "The ISO 27001 certification demonstrates IFDS' commitment to the information and data security needs of our clients."
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."
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:
About 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 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. 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 organizations, over 8,500 share classes and with over 3,500 experienced staff based in four locations (Canada, Ireland, Luxembourg & United Kingdom). Figures as December 31, 2011.
About 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 $21.8 trillion in assets under custody and administration and $1.9 trillion* in assets under management at December 31, 2011, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street's web site at www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx. $63 billion as of December 31, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.
About DST Systems, Inc.:
DST Systems, Inc. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST's world-class data centers provide technology infrastructure support for financial services and healthcare companies around the globe. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange.
For further information:
International Financial Data Services
Tobi McGrory, Senior Vice-President, Marketing and Communications & Product Management