Boston Financial Expands Settlement Administration Business

QUINCY, Mass., June 30, 2011 /PRNewswire/ -- In support of its Settlement Administration Solutions business, Boston Financial Data Services, Inc. has hired industry veteran Thomas Sidun as senior vice president to lead its sales initiatives. Boston Financial has offered comprehensive, customized solutions for settlement administration in the financial services space for more than 16 years. Sidun's appointment reinforces Boston Financial's commitment to its settlement administration business and expands its complement of knowledgeable settlement industry experts.

"Boston Financial has a solid reputation for providing successful settlement administration solutions to the financial services industry," said Terry Metzger, president and CEO of Boston Financial. "Tom's background further strengthens our business, and supports our goal to expand our offering and bring value to a broader market."

Tom has more than 30 years experience in settlement administration and banking. Before joining Boston Financial, Tom was a senior account executive with the Garden City Group, where he was instrumental in opening Garden City Group's San Francisco branch and the firm's first non-U.S. office. Prior to joining the Garden City Group, he managed the consumer claims administration group and redress services at Gilardi & Co. LLC. Through various past positions at Bank of America and Wells Fargo Bank, Tom possesses a strong background in commercial banking and money management.

Madeline FitzGerald, vice president and head of Settlement Administration for Boston Financial, commented, "Tom's knowledge of settlement administration for private, state and federal government agencies enhances our overall business, underscoring our approach of matching professional expertise with industry-leading tools and technologies."

"Boston Financial is noted for its comprehensive set of solutions, top-tier service and best-in-class technology," said Sidun. "I am excited to join a team whose focus is on long established excellence in settlement administration, and I look forward to contributing to Boston Financial's continued success."

For more information about Boston Financial's Settlement Administration Solutions, visit www.bfsas.com.

About Boston Financial

Boston Financial Data Services is a joint venture between State Street Corporation (NYSE: STT) of Boston, Mass. and DST Systems, Inc. of Kansas City, Mo. This joint venture has enabled Boston Financial's clients to utilize DST's industry-leading software and technology while benefiting from the institutional support and global reach of State Street.

SOURCE Boston Financial Data Services, Inc.