- BISYS to Service Waverton Investment Funds by Providing Fund Accounting,
Financial Administration, Transfer Agency, Corporate Secretarial and
Anti-Money Laundering Services -
NEW YORK, Feb. 28 /PRNewswire-FirstCall/ -- BISYS, a leading provider of
outsourcing solutions for the financial services sector, today announced that
it has expanded its outsourcing relationship with J O Hambro Investment
Management, Ltd., a specialized investment management boutique with $4 billion
in assets under administration. The company is headquartered in London,
England, and owned by Credit Suisse Private Banking. J O Hambro selected
BISYS to provide a full-service administration model including fund
accounting, financial administration, transfer agency, corporate secretarial
and anti-money laundering services for the Waverton Investment Funds. BISYS
currently provides fund administration services for J O Hambro Investment
Management, Ltd.
According to Andrew Steel, Chief Operating Officer of J O Hambro
Investment Management Ltd, "We are particularly pleased with the market
response to our latest product launch -- the Waverton Funds. We have already
won new assets totaling $20 million in assets under management for the fund
range. In support of the product, we are delighted to be expanding our
relationship with BISYS. J O Hambro Investment Management is recognized for
their Investment performance and quality of service, and the BISYS brand
effectively supports our positioning through a well-recognized brand that
stands for outstanding service. We look forward to continued success in our
expanded relationship with BISYS through our newest product range, the
Waverton Investment Funds."
"The J O Hambro Investment Management culture is geared toward first-class
service as shown by their receipt of the 2003 PAM Award for 'Best Quality of
Service for a Boutique'," said Fred Naddaff, President of BISYS Fund Services.
"We are delighted that they have expanded their relationship with our firm,
knowing that we embody the same high levels of service standards. The depth
of the relationship we have forged is proof of the discriminating nature of
their business practices and BISYS' ability to fully support those ideals."
George Evans, Executive Vice President of business development for BISYS'
Investment Services group, added, "After rigorous due diligence, J O Hambro
Investment Management selected BISYS because of our product, quality service,
and the strength and knowledge of our European team. We look forward to
working closely with J O Hambro Investment Management and assisting them to
meet their business objectives and goals."
BISYS will serve J O Hambro Limited from its European servicing center in
Dublin, Ireland.
About J O Hambro Investment Management, LTD
J O Hambro Investment Management (JOHIM) is a specialist investment
management company providing a highly personal, discretionary investment
service to those private investors who insist on an individual relationship
with their investment advisor. JOHIM strongly believes in their Absolute
Return style that both preserves wealth in negative markets and then produces
significant out performance for their portfolios when markets allow, through
focused investment in companies that have been fundamentally researched.
Additional information is available at http://www.johim.co.uk.
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 Company's operations, markets, services and related
products, prices and other factors discussed in the Company's periodic filings
with the Securities and Exchange Commission.
SOURCE The BISYS Group, Inc.
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Related links:
http://www.bisys.com
http://www.johim.co.uk
Company News On-Call:
http://www.prnewswire.com/comp/851938.html
CONTACT:
Daniel Briggs, Vice President, Finance and
Investor Relations, of The BISYS Group, +1-212-907-6134
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