UMB Fund Services Launches Proprietary Transfer Agency Business Processing Solution for Servicing Re

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UMB Fund Services Launches Proprietary Transfer Agency Business Processing Solution for Servicing Registered Hedge Funds

MILWAUKEE--(BUSINESS WIRE)-- UMB Fund Services, Inc. (UMBFS) further expands its servicing capabilities with the launch of the Alternative Investment Communication Engine (ACE), a proprietary business process and content management solution. ACE will be used in providing transfer agency services for the growing number of alternative investment asset managers with registered hedge funds that are serviced from UMBFS' Milwaukee headquarters.

UMBFS worked closely with SunGard to develop ACE. The solution leverages business process management to automate processing and achieve seamless integration between the UMBFS registered hedge funds business system and SunGard's Asset Arena Transfer Agency platform. The result is a proprietary solution tailored to meet the specific servicing needs of UMBFS' alternative investment clients.


ACE incorporates SunGard's Infinity Process Platform from Asset Arena Transfer Agency, as well as Asset Arena Transfer Agency's enterprise reporting, document repository, and data repository. It helps UMBFS to deliver:

  • Increased efficiency and improved accuracy through single input of investor information and subscription/tender transactions into UMBFS' investor recordkeeping and transaction systems, combined with automated cash management.
  • Automated delivery to clients of intraday status reports on investor transactions. UMBFS' clients now have secure access to the solution's web portal, where they can view and download subscription and tender status reports anytime, anywhere.

"Registered hedge funds are a significant and growing segment of our clientele, so it's important that we invest in this business and prepare for continued growth," said Maureen Quill, executive vice president of investor services for UMBFS. "Our collaboration with SunGard has resulted in a dynamic platform that positions us well to provide the outstanding service our clients expect from us."

"Asset servicers such as UMBFS are seeing more institutional allocations go to alternative investments," said Mark Judah, senior vice president and managing director of SunGard's Asset Arena Transfer Agency business unit. "To take advantage of this growth opportunity and stay ahead of demand, they require robust business process and content management solutions that help deliver greater operational efficiency and control."

About UMB Fund Services

UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete line of products and services to the fund industry, including administration and fund accounting, investor services and transfer agency, marketing and distribution; custody services through UMB Bank, n.a.; alternative investment services through JD Clark & Co.; and managed account services. It currently serves more than 200 clients with combined assets of approximately $150 billion. For the past three years, the company has been named one of the top 10 midsize employers in southeastern Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation (NAS: UMBF) , the parent company of UMBFS, is a financial services holding company with more than $13.6 billion in banking assets, headquartered in Kansas City, Mo.

About SunGard

SunGard is one of the world's leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please visit www.sungard.com.

Trademark Information: SunGard, the SunGard logo, Asset Arena and Infinity are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.



UMB Fund Services
Steve Wujek, 816-423-6214
Lonnie Macdonald, 414-299-2111

KEYWORDS:   United States  North America  Wisconsin

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