Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bisys Nabs Key Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, December 13, 2000

Bisys Nabs Key

Reported by Tamiko Toland

Bisys has sealed the deal with another fund firm, this time Key Asset Management.

Key, which has been using Bisys primarily for fund accounting and administration services, will adopt its transfer agency on the first of the year. BFDS has been providing TA for Key.

"Consolidating our service providers will enable us to deliver seamless service to our financial intermediaries and their clients," said Kathy Dennis, senior managing director of Key Asset Management.

Bisys has been actively marketing its total package service.

"That's really our value-added, the one-stop shopping where we provide all services to our clients, so we will often talk to existing clients and prospects about the total package," said Bill Tomko, president of Bisys Investment Services group.

About 70% of Bisys clients already use the full package of service, and Tomko sees that trend continuing.

"We clearly see that there's a propensity to outsource in the mutual fund business, so we see outsourcing picking up," he said. "The outsourcing business is going to continue to grow and expand as firms stick to their core competency."

Does he see a lot of companies turn to outsourcing in preparation for a potential sale?

"That has not been a driver, although clearly, we've seen seen some of that," he said. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use