BISYS' State-of-the-Art Outsourcing Solution, Expertise, and Service
Commitment Key Factors in Client's Renewal Decision -
NEW YORK, Aug. 19 /PRNewswire-FirstCall/ -- BISYS, a leading provider of
business process outsourcing solutions for the financial services sector,
today announced that it has renewed its multi-services agreement with
Pennsylvania-based Hirtle Callaghan Trust, the first investment management
firm solely dedicated to offering its clients the full array of professional
services and expertise typically provided by an in-house chief investment
officer and investment staff.
BISYS will continue to support Hirtle Callaghan and its eight
institutional portfolios, which are comprised of both equity and debt asset
classes, with a broad range of mission-critical outsourcing services that
includes fund administration, accounting, distribution, and transfer agency
services. BISYS also supports this long-time client with the outsourcing
services provided through its Private Equity Services and Retirement Services
business lines.
According to Rob Zion, principal of Hirtle Callaghan, "BISYS has been a
valuable business partner that has effectively and efficiently supported our
growth. Our unique service model requires a highly customized, client-centric
solution, which BISYS has proactively provided. We look forward to our
ongoing partnership with BISYS, which we expect will continue to support our
growth and provide high quality services for our fund complex."
James L. Fox, president of BISYS Fund Services, said, "The extension of
this long-term, successful relationship further demonstrates the effectiveness
of BISYS' outsourcing model, the strength of our servicing platform, and our
commitment to our clients. We welcome the opportunity to continue serving
Hirtle Callaghan and expect we will enjoy a mutually successful relationship
for many more years."
Pioneering the category, Hirtle Callaghan was the first financial services
firm dedicated solely to offering its clients the full array of professional
services and expertise typically provided by an in-house chief investment
officer and investment staff. The firm was founded in 1988, based on the
belief that investors would benefit from conflict-free, objective counsel and
informed advocacy from a trusted source. Currently, Hirtle Callaghan manages
in excess of $6.5 billion in assets for high net worth individuals, family
groups, endowments, foundations, and pension funds.
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 20,000 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 more than $650 billion in
assets. BISYS' largest group also provides retirement services to more than
15,000 companies in partnership with 40 of the nation's leading banks and
investment management companies, and offers analytical research and
competitive intelligence 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, annuity, long-term care, and disability products. BISYS is also the
nation's third largest independent wholesaler of commercial lines of
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 more than 225
certification and continuing education training courses, and a sophisticated
suite of products and services that automates the entire licensing process.
BISYS' Information Services group provides information processing and imaging
solutions to more than 1,150 financial institutions. This group also supports
more than 120 insurance companies with a suite of asset retention solutions,
and provides complete program management for corporate-sponsored cash
management accounts. 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:
James L. Fox, President of BISYS Fund
Services, +1-617-824-1213, james.fox@bisys.com
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