- Market Growth and Opportunities Catalysts for Key Infrastructure Investments
and New Hires in Separately Managed Accounts (SMA) Offering -
NEW YORK, Feb. 23 /PRNewswire-FirstCall/ -- BISYS, a leading provider of
outsourcing solutions for the financial services sector, today announced its
offering for asset managers in the SMA marketplace. The WealthManager(TM)
program includes middle- and back-office services that streamline
administrative functions, allowing asset managers to focus on managing assets
and developing strong relationships with distributors.
"With asset growth expected to approach $2.1 trillion by 2011, BISYS views
the growth of the SMA market as an important component of the investment
management landscape and our business," said Fred Naddaff, President of BISYS
Fund Services. "We have made considerable investments to develop our
infrastructure and services for the SMA market, which are designed to
alleviate the antiquated procedures that are present in most managers'
programs today. It is clear to us that the SMA market has been underserved
and, as a result, is a market that presents a significant growth opportunity."
The WealthManager program leverages BISYS Investment Services' expertise
and proven infrastructure, policies and procedures to the SMA marketplace.
The offering provides client benefits such as consolidated operations,
improved investment management functionality, and flexible technology that
facilitates customization. The program directly connects managers to their
sponsor base in real-time and provides detailed account data delivery without
competing with investment managers' objectives. The WealthManager program
operations and platform are based in Columbus, OH.
The WealthManager offering is part of BISYS' overall program for the SMA
market, WealthSolutions(TM). As part of its WealthSolutions effort, Christine
Rogers has joined the WealthSolutions staff of BISYS Fund Services as Vice
President for the separately managed accounts unit. Christine joins Christian
Bolanos, Vice President of business development, another recent addition to
the WealthSolutions team.
Ms. Rogers will be responsible for overseeing the daily operations of the
WealthSolutions business. She will also manage client relationships and staff
development. With nearly 20 years' financial services experience, Ms. Rogers
brings considerable expertise to BISYS' SMA business. She comes to BISYS from
CheckFree Investment Services, and has additional industry experience with
Neuberger Berman, LLC, Shearson Lehman Brothers, Inc. and Merrill Lynch
Pierce, Fenner and Smith. She is a member of the Money Management Institute
Technology and Operations Committee, including subcommittee membership
surrounding the development of industry standards for data communications and
is co-chair for the subcommittee for performance measurement. Ms. Rogers
maintains professional members with the Association for Investment Management
and Research, New York Society for Security Analysts and is an STI Knowledge
Certified Help Desk Manager.
Mr. Bolanos also brings extensive SMA expertise and in-depth understanding
of the industry's needs and challenges. As part of the business development
team, he is responsible for new client due diligence, business solution
design, and the tailoring of BISYS' WealthSolutions programs to meet specific
client needs and objectives. Prior to joining BISYS, Mr. Bolanos served in
various related capacities at State Street Corporation, including his most
recent role as Vice President of business development for managed account
services.
About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that
enable investment firms, insurance companies, and banks to more efficiently
serve their customers, grow their businesses, and respond to evolving
regulatory requirements. Its Investment Services group provides
administration and distribution services for mutual funds, hedge funds,
private equity funds, retirement plans and other investment products. Through
its Insurance Services group, BISYS is the nation's largest independent
wholesale distributor of life insurance and a leading independent wholesale
distributor of commercial property/casualty insurance, long-term care,
disability, and annuity products. BISYS' Information Services group provides
industry-leading information processing, imaging, and back-office services to
banks, insurance companies and corporate clients. Headquartered in New York,
BISYS generates more than $1 billion in annual revenues worldwide. Additional
information is available at http://www.bisys.com.
Except for the historical information contained herein, the matters
discussed in the press release are forward-looking statements within the
meaning of the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, including
but not limited to economic, competitive, governmental and technological
factors affecting The BISYS Group, Inc.'s operations, markets, services and
related products, prices and other factors discussed in The BISYS Group,
Inc.'s periodic filings with the Securities and Exchange Commission.
SOURCE The BISYS Group, Inc.
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Related links:
http://www.bisys.com
Company News On-Call:
http://www.prnewswire.com/comp/851938.html
CONTACT:
Fred Naddaff, President, BISYS Fund Services,
+1-614-470-8100, or Daniel Briggs, Vice President, Finance and
Investor Relations, +1-212-907-6134, both of The BISYS Group,
Inc.
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