L&T Infotech Financial Services Technologies (LTIFST), which is a fully owned subsidiary of L&T Infotech, has announced in a news release that it has been selected by AGF Investments Inc. to administer its mutual fund platform in Canada. To this end, AGF will leverage two of LTIFST's SaaS product offerings: Unitrax and aTAS.
“Our flagship product offerings, Unitrax and aTAS, have been enabling more than 200 fund management companies to administer wealth management products globally,” said LTIFST Chief Executive Chad Alderson. “This new relationship with AGF, one of Canada's most prestigious financial institutions, further strengthens our reputation as one of the world's preeminent technology platforms.”
As a result of the newly forged relationship, AGF is expected to enjoy increased performance, reliability, and scalability, as well as improved time to market for new product launches.
“AGF welcomes this new direct partnership with L&T Infotech and views this transition as an opportunity to enhance the services we provide to our clients,” said AGF CIO and Senior Vice-President of IT & Operations Chris Jackson. “This relationship marks an important milestone in expanding our business in Canada.”
According to the company release, Unitrax is a proprietary transfer agency record-keeping tool that enables fund managers with single-platform administration of a wide range of wealth management products, such as mutual funds, alternative investments, hedge funds, and segregated funds.
Monarch announces advisor console enhancements
Hybrid digital platform gives advisors robo edge