IFDS to expand Scotland operations – International Financial Data Services (“IFDS”), a leading global provider of outsourced administration and technology solutions to the collective investment, retirement, insurance and wealth management markets, today announced that it is recruiting for more than 100 jobs in Scotland. The hiring initiative is supported by Scotland Business Minister Fergus Ewing.
The new jobs will support the growing IFDS Platform Solutions business, formed in 2013, and will include opportunities for customer service representatives, management and technical specialists. Located in newly renovated offices in Craigforth, Stirling, the company is looking to fill the positions throughout the remainder of 2015.
This news comes as IFDS celebrates its twentieth year in Europe.
Irene McGowan, Director of Operations – Platforms at IFDS, said,
“IFDS is transforming the UK wealth management industry by developing innovative processing solutions, improved operational efficiency and an enhanced customer experience,”
“With a healthy pipeline of new business across insurance, pensions, asset management and the broader financial services industries, IFDS is able to offer exciting career opportunities across a wide range of skill sets.”.
In Scotland, the newest location for IFDS, the company currently employs more than 500 people. Along with the Stirling-based office, IFDS has seven additional European offices located in Ireland, Luxembourg and the United Kingdom.
“Scotland’s financial services sector is one of Scotland’s key strengths and enjoys a great reputation thanks to the skills, experience and commitment of our workforce. I am delighted that IFDS recognises that and, working closely with SDI, has chosen to create 100 new jobs at its office in Stirling, expanding its footprint in Scotland by a fifth. I wish the company every success in the future.”
Since inception, the company has grown from supporting two to approximately 200 clients, including many of the largest and most recognisable financial services brands from around the globe. In connection with this growth, overall staffing levels in Europe have risen from 1,600 to more than 5,000 during the last 10 years.
In addition to holding the ‘Investors in People’ accreditation since 2000, IFDS continues to be recognised for its innovative solutions and customer experience services. At the end of 2014, the company was honoured with two prestigious “European Transfer Agent of the Year” awards from Funds Europe and Custody Risk. More recently, IFDS received the 2015 award for “Excellence in Policyholder Administration – UK” from Acquisition International.