CSC selects FIS as administration services provider
CSC, a provider of business, legal, tax, and digital brand services, has selected FIS to manage third-party administration services for its private equity and real estate clients. CSC will be employing FIS Investran and FIS Data Exchange as part of the partnership.
Investran, an award-winning, integrated solution for fund accounting, and Data Exchange, an investor portal for analytics and reporting, support the entire investment lifecycle, and automate front-, middle-, and back-office processes for private equity and alternative investment firms. CSC is initially rolling out the solution in the Asia-Pacific Region and is expected to expand its use to other offices around the globe.
“FIS has built a reputation as one of the most secure global technology providers serving fund administrators with the Investran and Data Exchange platform,” says Bill Popeo, president of CSC’s Global Financial Markets business. “FIS, much like CSC, offers best-in-class systems, solutions, and service. This partnership is a significant value-add to our growing private equity administration, reporting, and accounting services.”
“We are honoured to be selected as CSC’s administration solution for its fund administration clients,” says Martin Boyd, head of Institutional & Wholesale business, FIS. “Our technology leadership along with CSC’s record of delivering the highest levels of service makes this a powerful combination.”
Chris Daly, vice president of CSC’s Global Financial Markets in the APAC region, echoes Boyd’s comments, saying the best working relationships are those that go virtually unnoticed, but improve business daily. “Those partnerships happen when you team up with an organisation that understands your interests as much as their own.”