- Fiduciary Asset Management, LLC Selects BISYS for Separately Managed
Accounts Servicing -
NEW YORK, May 2 /PRNewswire-FirstCall/ -- BISYS, a leading provider of
outsourcing solutions for the financial services sector, today announced that
Fiduciary Asset Management, LLC has selected BISYS as their strategic
outsourcing partner for their separately managed accounts (SMA) program.
BISYS' WealthManager(TM) offering, specifically designed for the SMA
marketplace, provides a suite of middle- and back-office services that enable
asset managers to focus their efforts on managing portfolio assets and
building relationships with distributors.
"We have made considerable investments in building the infrastructure and
developing the suite of services of our WealthManager offering. The selection
of our services by Fiduciary Asset Management, LLC (FAMCO) is an important
endorsement of that offering," said Fred Naddaff, President, BISYS Fund
Services. "We are very pleased that FAMCO has recognized the significant
contributions that BISYS' WealthManager program can make to their
organization, and we look forward to a long and mutually beneficial
relationship."
"Expanding FAMCO's Separately Managed Accounts division is part of our
growth plan for our Master Limited Partnership (MLP) and Large Cap Equity
Product line," said Wiley D. Angell, Executive Managing Director, Senior
Portfolio Manager and Director of Separately Managed Accounts at Fiduciary
Asset Management, LLC. "We are excited about partnering with BISYS in this
important marketplace. BISYS' full suite of services, secure technical
environment, and commitment to the SMA marketplace were important factors in
our decision-making process. Given our high operational standards, BISYS was
our hands-down choice following an extensive search for the best outsourcing
partner serving the SMA marketplace."
The WealthManager offering brings BISYS' outsourcing expertise,
infrastructure investments, and experience in developing policies and
procedures to the SMA marketplace. BISYS' platform development experience also
contributes significantly to the offering. Clients in the SMA marketplace
receive significant benefits including a platform that delivers consolidated
operating information, facilitates customization, and connects managers to
their sponsor base in real-time.
About BISYS
BISYS (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 asset retention solutions 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
Company News On-Call:
http://www.prnewswire.com/comp/851938.html
CONTACT:
Daniel Briggs, Vice President, Finance and
Investor Relations of BISYS, +1-212-907-6134
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