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DENVER--([ BUSINESS WIRE ])--ALPS Fund Services (ALPS), a leading provider of administration services to the alternative asset management industry, today announced the next step in their planned expansion with the opening of an operational office in Toronto. The newly formed Toronto office will provide investor services to ALPSa growing offshore business.

"The growth and expansion of our hedge fund administration business continues to be a strategic priority for us"

In addition to the newly launched offshore operation, ALPS recently added another resource to their New York team, hiring Mariana Salamanca as a Sales and Marketing Executive. She will report to Jason Cholewa, who heads up East Coast Business Development for ALPSa alternative investment group, and will focus on further developing the firmas hedge fund business in New York.

aThe growth and expansion of our hedge fund administration business continues to be a strategic priority for us,a said Jeremy May, President of ALPS Fund Services. aAs part of the DST family, we can leverage their global footprint and resources to further enhance services to our clients.a

aThe growth of our East Coast sales team combined with the opening of our first international office is in direct response to the needs of our expanding client base,a said Mike Procter, Senior Vice President and Director of Business Development. aWe will continue to explore other opportunities both on and offshore in order to provide additional value to our clients.a

About ALPS

A wholly owned subsidiary of DST Systems, Inc., headquartered in Denver with offices in Boston, New York, Seattle, and Toronto, ALPS is a 27-year-old financial services firm focused on asset servicing and asset gathering. With more than 400 employees, over 200 clients, and an executive team that has been in place for over 18 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc. As of June 30, 2012, the firm managed more than $6.6 billion in assets and provided servicing to more than $338 billion in client assets. For more information about ALPS and the services available, visit [ www.alpsinc.com ], and for additional information about ALPS products, visit [ www.alpsfunds.com ].

DST Systems, Inc.

DST Systems, Inc. provides sophisticated information processing solutions and services to support the global asset management, insurance, retirement, brokerage, and healthcare industries. In addition to technology products and services, DST also provides integrated print and electronic statement and billing solutions through DST Output. DST's world-class data centers provide technology infrastructure support for asset management, insurance and healthcare companies around the globe. Headquartered in Kansas City, MO., DST is a publicly traded company on the New York Stock Exchange.