UMB Fund Services, Inc, a subsidiary of UMB Financial Corporation, has rebranded its Alternative Investment Services division as JD Clark & Company, a division of UMB Fund Services.
UMBFS will continue to use the name UMB Fund Services, Inc for its mutiual fund servicing business.
UMBFS, which commenced operations in 1990 as a provider of back-office services for mutual funds, expanded its offerings in 2002 to include services for alternative investment products such as hedge funds. This line of business grew significantly in May 2009 when UMBFS acquired JD Clark & Company, an established Utah-based firm specializing in servicing alternative investment products.
The two operations have been in the process of consolidating their systems and processes to provide consistent, high-quality service to their combined 77 clients representing approximately 300 funds and more than USD17.5 billion in assets as of December 31, 2009. As part of the consolidation, the JD Clark & Company name has been adopted for the entire alternative investments servicing division, which has offices in both Ogden, Utah, and Media, Pa.
"This rebranding allows us to capitalize upon the strong reputation of JD Clark & Company, a name that has become synonymous with operational excellence in the alternative investment industry over the last 20 years," said John Zader (pictured), CEO, UMBFS. "The name transition underscores our commitment to becoming recognized as the leading provider of outsourcing services to the alternative investment industry."
Jeff Clark, CEO, JD Clark & Company, added: "I am proud that UMB Fund Services has chosen to retain the JD Clark & Company brand for its alternative investment services. It is a testament to our associates’ dedication and expertise, as well as the loyalty of our customers. Being aligned with an organization with the strength and integrity of UMB Fund Services enhances our brand as we strive to dominate the marketplace with our proven business model."
