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

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

Rating:RBC Affiliates Outsource Shareholder Services Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 29, 2003

RBC Affiliates Outsource Shareholder Services

by: Sean Hanna, Editor in Chief

Bisys has added $12 billion to its fund-servicing platform. The back-office provider added the new business by closing agreements with Voyageur Asset Management and Jones & Babson. The deal covers 26 mutual funds and another 26 portfolios.

BISYS will support these fund families, which represent 26 mutual funds, 26 portfolios, and approximately $12 billion in assets, with fund accounting, sub-administration, and transfer agency services.

Both Voyageur Asset Management and Jones & Babson have a common ultimate owner in the Royal Bank of Canada (RBC). Voyageur, which is the advisor to the Great Hall funds, is a wholly owned subsidiary of RBC Dain Rauscher Corp. while Jones and Babson is a subsidiary of Royal Bank of Canada (RBC). Jones & Babson offers the Babson, J&B, and Investor's Mark Series Funds.

The two firms had administered their funds internally before deciding to outsource the efforts. The reason for the move, according to the funds, was to "more efficiently and cost-effectively support" the funds and their shareholders.

RBC selected BISYS based on its comprehensive and state-of-the-art outsourcing solutions; its commitment to continually introduce the contemporary new products and services necessary to proactively respond to evolving industry, market, and consumer demands; and its ability to meet the aggressive conversion requirement, according to a statement.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
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