Fund administrator TMF Group has selected the FIS Investran private equity solution to serve its clients, following its acquisition of State Street’s fund services business in the Channel Islands.
TMF Group will use the FIS software suite to automate and streamline its front-, middle- and back-office processes and further enhance operational efficiency, reporting and performance.
Headquartered in Amsterdam, TMF Group provides a range of business services including fund administration, human resources, accounting, tax support and payroll for international business expansion.
Melanie Peploe, COO, fund services at TMF Group, said: “As we looked for a technology partner to support our growth strategy, we wanted to work with a technology innovator that had a successful track record in our market.”
She added: “FIS with its Investran solution was the clear winner. With our history of working together, we know that FIS backs its world-class fund accounting tools with deep knowledge of our markets.”
Martin Boyd, president of capital markets solutions at FIS, commented: “We are excited to support TMF Group and are confident that our technology solution will provide significant benefits to the firm and its growing number of customers and employees.”
