UK-based asset manager Aberdeen Standard Investments (ASI) has extended its transfer agency services relationship with SS&C and IFDS to its Luxembourg unit.

As part of the extended partnership, SS&C Global Investor and Distribution Solutions (GIDS) will offer BPO and global transfer agency services to the Luxembourg unit while IFDS will provide local support.

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ASI already utilises SS&C’s transfer agency services in the UK market. The firm will now use this solution for its 23,000 accounts in Luxembourg.

ASI’s Mike Tumilty noted that SS&C’s and IFDS’s global approach to servicing will allow the company to deliver a “unified global digital customer experience across domiciles”.

SS&C will offer recordkeeping, data-driven operational insights, real-time transparent oversight, intelligent automation, and digital tools to ASI.

SS&C GIDS will service ASI clients internationally with full time support. Toronto-based IFDS will complete local servicing in Luxembourg.

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SS&C Global Investor and Distribution Solutions head Nick Wright said: “We thank Aberdeen Standard Investments for their continued trust and partnership.

“We are committed to delivering best-in-class technology and consistent, knowledgeable service so our clients can optimise a truly global model.”

Recent ASI moves

Earlier this month, ASI agreed to purchase a 60% stake in specialist logistics real estate fund manager Tritax.

In September this year, the firm secured a Limited Broker, Dealer and Underwriter Licence (LBDU) from Thailand’s Securities and Exchange Commission to offer offshore funds directly to Thai investors.

Last year, ASI teamed up with Hedge Fund Research (HFR) to introduce a range of investment products that will track various investable hedge fund indices.