BNET Industries
Last Fiscal Year Sales:$695.9M
- Private
- US
Dow Jones Description
Investers Financial helps banks on the back end. Founded in 1969 and headquartered in Boston, MA, Investors Financial Services Corp. is the holding company for Investors Bank & Trust company. It provides asset administration services for the financial industry, like middle office outsourcing, global custody, multicurrency lending, fund administration, securities lending, foreign exchange, cash management, performance measurement, and other services. It serves investment advisors, banks, insurance companies, and other financial providers from offices in Boston, New York City, Sacramento, Toronto, Dublin, and the Cayman Islands. The company had 2005 revenue of about $973.2 million and employs about 3,250 people. In May 2006, its Investors Bank & Trust company received overall first place honors in Global Investor magazine's Global Custody Survey.
Number of Employees 3,252
Contact Information
200 Clarendon St
PO Box 9130
Boston, Massachusetts 02116
(617) 937-6700
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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investors financial services corp. - All News and Analysis
State Street Sends Precautionary Notifications to Certain Legacy Investors Financial Services Corp. Customers and Employees
- 2008-05-29
BOSTON -- State Street Corporation (NYSE: STT) today began sending precautionary notifications to employees and some customers of the former Investors Financial Services Corp. ("IBT") that computer equipment containing certain personal data was stolen from a vendor's facility. IBT had engaged the vendor for legal support services. There is...
State Street Completes Acquisition of Investors Financial Services Corp
- 2007-07-02
Accelerates Leadership in Mutual, Hedge and Offshore Fund Servicing Consolidation Expected to be Substantially Complete Within 18 Months BOSTON -- State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has completed the closing of its acquisition of Investors...
Fitch Upgrades & Withdraws Investors Financial Services; Affirms State Street
- 2007-07-02
CHICAGO -- Fitch Ratings has upgraded and removed from Rating Watch Positive the ratings of Investors Financial Services Corporation IFIN and its main operating subsidiary Investors Bank & Trust Company IBT following their acquisition by State Street Corporation State Street. These actions align the ratings of IFIN and IBT with...
Investors Financial Services Corp. Achieves 20% Core Services Revenue Growth in the First Quarter of 2007; Integration Planning With State Street Underway
- 2007-04-17
Investors Financial Services Corp. (NASDAQ: IFIN) reported diluted earnings per share of $0.60 for the first quarter of 2007, compared to $0.56 in the first quarter of 2006. Net income for the first quarter of 2007 was $40.5 million, compared to $37.4 million in the first quarter of 2006....
Emerging Markets Consulting, LLC. : Emerging Equity Alerts.
- 2007-02-06
M2 PRESSWIRE-6 February 2007-Emerging Markets Consulting, LLC.: Emerging Markets Consulting, LLC. : Emerging Equity AlertsC1994-2007 M2 COMMUNICATIONS LTD RDATE:06022007 Orlando, FL - Stocks gaining traction in yesterday's trading were Wolverine Tube, Inc., (OTC PINKS: WLVT), Rambus, Inc., (NASDAQ:RMBS), Herbalife, Ltd.,...
Fitch Affirms State Street; Places Investors Financial Services on Watch Positive
- 2007-02-05
CHICAGO -- Fitch Ratings has affirmed the long-term, short-term, Individual and Issuer Default Ratings IDRs of State Street Corporation State Street and its affiliates. The Rating Outlook remains Stable. At the same time, Fitch has placed the long-term, short-term, Individual, and IDRs of Investors Financial Services Corporation IFIN and its...
Morning Alert for Investors Financial Services Corp.
- 2007-02-05
M2 PRESSWIRE-5 February 2007-bellwetherreport.com: Morning Alert for Investors Financial Services CorpC1994-2007 M2 COMMUNICATIONS LTD RDATE:05022007 Morning Alert for Investors Financial Services Corp (NASDAQ:IFIN) Being a custodian can be lucrative. Investors Financial Services, through Investors Bank & Trust and other...
Investors Financial Services Corp. Announces New Date of January 17, 2007 for Fourth Quarter Earnings Conference Call
- 2007-01-16
Investors Financial Services Corp. (NASDAQ: IFIN) will host an Internet broadcast of its fourth quarter earnings conference call on Wednesday, January 17, 2007 at 5:00 p.m. ET. The call will be accessible from Investors Financial's home page at www.ibtco.com and at (719) 457-2653; confirmation code 8301249. Recorded...
Investors Financial Services Corp. Achieves 21% Core Services and 33% Value-Added Services Revenue Growth in 2006; Provides Full Year 2007 EPS Guidance
- 2007-01-16
Investors Financial Services Corp. (NASDAQ: IFIN) reported diluted earnings per share of $0.53 for the fourth quarter of 2006, compared to $0.60 in the fourth quarter of 2005. Net income for the fourth quarter of 2006 was $35.7 million, compared to $39.5 million in the fourth quarter of 2005....
Investors Financial Services Corp. Announces Webcast of Fourth Quarter Earnings Conference Call
- 2007-01-10
Investors Financial Services Corp. (NASDAQ: IFIN) will host an Internet broadcast of its fourth quarter earnings conference call on Wednesday, January 24, 2007 at 5:00 p.m. ET following the release of the Company's quarterly results. The call will be accessible from Investors Financial's home page at www.ibtco.com and...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Kevin J. Sheehan | CEO |
| Michael F. Rogers | President |
| John N. Spinney | Cfo |
| Edmund Maroney | Senior Vice President, Technology |
| John Henry | General Counsel, Senior Vice President & Secretary |
| Robert Mancuso | Senior Vice President, Marketing & Client Management |
| Donald G. Friedl | Director |
| Robert B. Fraser | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Edward F. Hines | Board of Directors |
| Frank B. Condon | Board of Directors |
| James M. Oates | Board Director |
| John I. Snow III | Board Director |
| Phyllis S. Swersky | Board Director |
| Phylliss S. Swersky | Board of Directors |
| Richard P. Boyatzi | Board Director |
| Thomas P. McDermott | Board Director |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | CEO | Current |
| Investors Financial Services Corp. | Board Chairman | Current |
| Investors Bank & Trust Company Inc. | CEO | Former |
| Investors Financial Services Corp. | Board Director | Former |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | President | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Cfo | Current |
| Investors Financial Services Corp. | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Senior Vice President, Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | General Counsel, Senior Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Senior Vice President, Marketing & Client Management | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Director | Current |
| Marical, Inc. | Board of Directors | Current |
| All Seasons Holdings Inc. | President and CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board Director | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board Director | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board Director | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board Director | Current |
Robert Fraser was Chairman of the law firm Goodwin Procter LLP from 1984 to 1997. He is a co-founder of the reborn and revitalized Arts & Business Council and has served as its Chairman since its rebirth. In the business world, he is currently a director of Investors Financial Services and Investors Bank and Trust Company. In addition, he is a director or trustee of a number of nonprofit organizations, including the Greater Boston Chamber of Commerce, MassINC, the Massachusetts Business Alliance for Education and the National Conference for Community and Justice. In the past he has chaired the Boston Plan for Excellence in Public Schools, Volunteer Lawyers for the Arts, Boston Against Drugs and the Boston Music Education Consortium. He has received a number of awards for community service, including an honorary degree awarded by Northeastern University on that account.
| Organization | Position | Status |
|---|---|---|
| Arts & Business Council Inc. | Co-Founder | Current |
| Greater Boston Chamber of Commerce, Inc. | Trustee | Current |
| Massinc | Chairman | Former |
| Investorsbank | Director | Current |
| Greater Boston Chamber of Commerce, Inc. | Director | Current |
| Goodwin Procter LLP | Chairman | Former |
| Massinc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Investors Financial Services Corp. | Board Director | Current |
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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