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Rating:Banc One Expands Outsourcing Tie Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 07, 2003

Banc One Expands Outsourcing Tie

by: Ki Kim

Ohio-based Banc One Investment Advisors, the investment advisor of the One Group Mutual Funds, has expanded its outsourcing relationship with BISYS. The New York-based outsourcer was tapped to provide fund accounting, administration, and transfer agency services for the One Group Global Funds, which were launched in November 2002.

The funds are domiciled in Dublin, Ireland and serviced by BISYS' Dublin-based fund services platform. The One Group Global Funds is a unit trust established as an UCITS (undertakings for collective investment in transferable securities). The One Group Global funds include five sub-funds - the One Group U.S. Diversified Equity Fund, One Group U.S. Intermediate Bond Fund, One Group U.S. Bond Fund, One Group U.S. Short Term Bond Fund, and the One Group U.S. Cash Fund.

In addition, BISYS will continue supporting the Infinity Offshore Series Fund, a Cayman Island-domiciled money market fund, with accounting, administration, and transfer agency services. BISYS also will support the intermediate bond fund and a diversified equity fund, which are planned for near-term launch, with its same suite of services.

In June 2002, BISYS was also tapped to provide One Group Administrative Services, a subsidiary of Bank One Corp., with portfolio accounting services for the nationwide CollegeChoice 529 Investment Plan, which One Group Administrative Services administers for the state of Indiana. 

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