IFDS Appoints Ex-Pershing Head Barrett as Client Administration Exec

Originally appeared in MiFID Monitor

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, has appointed Richard Barrett as group executive of client administration responsible for dealing, registration, administration control as well as IFDS’ distributor services functions. In his new role, Barrett will report to Jon Willis, IFDS’ operations director.

Prior to his appointment at IFDS, he was head of product and client conversions at Pershing. Barrett has also held various senior IT and operational roles at Fidelity International and Fidelity FundsNetwork, where he was operations director.

Simon Hudson-Lund, CEO of IFDS, explains the reason behind his selection: “As our business continues to expand and our range of services grow, we need athletes such as Richard with a wide range of experience within the collective investment, fund platform and specialist financial servicing markets will help IFDS as our business moves forward.”