Jose Suquet to Leave BISYS(R)

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Jose Suquet to Leave BISYS(R)
    - Russ Fradin Assumes Day-to-Day Leadership During Transition Period -

    NEW YORK, April 6 /PRNewswire-FirstCall/ -- The BISYS Group, Inc., a
leading provider of business process outsourcing solutions for the financial
services sector, today announced that Jose Suquet will be resigning as Group
President of BISYS' Insurance and Education Services Group to return to a
senior executive role with a major insurance carrier or other financial
institution.  Russell Fradin, BISYS' President and CEO, will immediately
assume day-to-day leadership responsibilities for BISYS Insurance Services
while an external search is conducted for Mr. Suquet's replacement.  Mr.
Suquet will remain as an advisor to Mr. Fradin during the transition period to
ensure a smooth transfer of responsibilities.
    Lynn Mangum, Chairman of the Board, stated, "We would like to thank Jose
for his contributions to the Insurance and Education Services Group.  We wish
him continued success in his career."
    Mr. Suquet, a veteran senior executive in the insurance industry, came to
BISYS after twenty-two years with The Equitable, most recently Senior
Executive Vice President and Chief Distribution Officer at AXA Financial,
Inc., its parent company.

    About BISYS
    The BISYS Group, Inc. (NYSE: BSG), headquartered in New York City,
provides business process outsourcing solutions that enable investment firms,
insurance companies, and banks to capitalize on convergence by entering new
segments of the financial services industry.
    BISYS currently supports more than 22,000 domestic and international
financial institutions and corporate clients through three business units.
Its Investment Services group provides administration and distribution
services for approximately 380 clients, representing more than 2,200 mutual
funds, hedge funds, private equity funds, and other alternative investment
products with approximately $750 billion in assets under administration.
BISYS' largest group also provides retirement services to more than 18,000
companies in partnership with 40 of the nation's leading banks and investment
management companies, and offers analytical research and competitive
information through its Financial Research Corporation (FRC) subsidiary.
Through its Insurance and Education Services group, BISYS is the nation's
largest independent distributor of life insurance and the premier provider of
the support services required to sell traditional and variable life, long-term
care, disability, and annuity products.  BISYS is also the nation's second
largest independent wholesale distributor of commercial property/casualty
insurance.  This group complements its insurance distribution services with a
comprehensive compliance management solution that supports insurance and
investment firms and professionals with approximately 390 certification and
continuing education training courses, and a sophisticated suite of products
and services that automates the entire licensing process.  BISYS' Information
Services group supports approximately 1,450 banks, insurance companies, and
corporations with industry-leading information processing and imaging
solutions, turnkey asset retention solutions, and specialized corporate
banking solutions.  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 BISYS Group, Inc.
http://www.bisys.com
Company News On-Call:
http://www.prnewswire.com/comp/851938.html
CONTACT:
Daniel Briggs, Vice President, Finance &
Investor Relations of BISYS Group, Inc., +1-212-907-6134