International Financial Data Services (IFDS), a joint venture of DST Systems and State Street, is planning to create more than 100 new jobs in Stirling, Scotland.

The new jobs are expected to support the IFDS Platform Solutions business, which was established in 2013 to support wealth management investment platforms.

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The new jobs will create opportunities for customer service representatives, management and technical specialists at the firm’s offices in Craigforth in Stirling.

The company said that it is planning to fill the positions throughout the remainder of 2015.

The US-based company, which provides outsourced administration and technology solutions to the collective investment, retirement, insurance and wealth management markets, currently employs around 500 people in Scotland.

This recruitment initiative is supported by Scotland business minister Fergus Ewing.

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IFDS director of operations platforms Irene McGowan said: "IFDS is transforming the UK wealth management industry by developing innovative processing solutions, improved operational efficiency and an enhanced customer experience."

Ewing said: "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."