What Happened?
Toronto, ON-based International Financial Data Services has Appointed Simon Moorehead as Global Chief Information Officer
About the Company
International Financial Data Services is a 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. Both organisations have over 40 years’ experience and joint venture track record via our sister company in the US, Boston Financial Data Services (BFDS). Together we form part of the world’s largest investor record-keeping / transfer agency services provider. DST and State Street formed their first joint venture – BFDS - in 1973, with Canada Financial Data Services (CFDS) and European Financial Data Services (EFDS) entering the UK and Canadian markets in 1995. During 2001 we rebranded to International Financial Data Services, helping to align our business globally. Throughout the early part of the century our operations and footprint continued to expand, taking control of State Street’s established transfer agency services in Ireland and Luxembourg in 2007, meaning further integration of our European operations. As a family, we are now the largest administration and technology outsource provider in Canada, the UK and the USA respectively, with our market share continuing to grow throughout the rest of Europe and the Asia-Pacific region. No other supplier has such as focus on the industry, nor has anyone this level of global reach.
About the Person
Simon Moorhead will assume overall responsibility for the global strategic development of the firm’s technology infrastructure and operations across its locations in Asia-Pacific, Canada, and Europe. He will be based in the UK and join the IFDS Board of Directors, reporting to Simon Hudson-Lund, Executive Chairman. Moorhead joins IFDS from the Bank of England, where he was Chief Information Officer responsible for ensuring IT change was aligned with the bank’s policy and operational priorities. In that role, he led the IT programme that helped create the Prudential Regulation Authority in April 2013. Previously, Mr. Moorhead was at Reuters in a global IT role after more than a decade as a management consultant for Ernst & Young and Cap Gemini. He began his career at HSBC.
Info Source
News
Short Profile