UMB Fund Services has been selected to provide mutual fund accounting, administration and tax services to the American Independence Funds.

Currently 15 mutual funds comprise the American Independence Funds, with approximately USD900m in combined assets under management.

The fund complex continues to grow and expects to have 19 funds by year-end.

"I am proud that UMB Fund Services will have the privilege of providing accounting, administration and tax services for a client the size and calibre of the American Independence Funds," says John Zader, chief executive officer of UMB Fund Services. "Being chosen from among our peers speaks highly of our team's expertise, capabilities, and client-service focus. We look forward to building a strong partnership together."

"American Independence will continually be introducing products which are innovative, and we need a partner that can keep up with the technical demands of an increasingly complex marketplace," adds Eric Rubin, president of American Independence Financial Services, adviser to the American Independence Funds. "UMB Fund Services impressed us in a number of ways. Not only do they offer the products, services and technology of some of the larger players, but they also combine this with a highly motivated, experienced, innovative team that is a great cultural fit with our organisation. We feel strongly that they'll be a partner we can work with and grow with."

Services are expected to commence in the third quarter of 2010.