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

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

Rating:BISYS Digs for Off-Shore CLAM Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, May 24, 2000

BISYS Digs for Off-Shore CLAM

Reported by Jason Shank

BISYS today announced an agreement with Credit Lyonnais Asset Management (CLAM)
Related Links
On InvestmentWires
 BISYS Expands Servicing to Tech Fund
Mar 15 2000
 Online Account Statements
Feb 24 2000
 New Head for BISYS Plan Services
Feb 2 2000
 Bisys Intros New Web Tech
Jan 12 2000
to take over the French bank's Luxembourg fund processing platform, which also provides fund administration services to other European asset management firms.

BISYS has had a base in Dublin for international operations since 1991-1992 and in February 1999 acquired Rothchild Asset Management, which gave them an additional presence in both London and Guernsey for fund administration, accounting and transfer agent (TA) services. The Rothchild acquisition also gave them staff of over 100 and and gave the firm two proprietary TA systems.

The transaction, although carefully worded, is an acquisition of the assets that CLAM had administered and brings BISYS about $5 billion in funds, as well as 20 staff members and six to eight external clients. Charlie Mohr, president of BISYS investment services group said that BISYS would be adding to the European sales force, as well as using the domestic sales force to build out the firm's off-shore business.

"We now have four strong bases in Europe, so we're going to grow these both internally and externally -- the old-fashioned way," said Mohr, when queried about potential future acquisitions.

While Mohr would not discuss the terms of the transaction, he did say that "terms of the agreement have some specific deliverables in terms of transfer agent capabilities as well as Internet capabilities."

Mohr added that CLAM currently used a SunGard fund accounting system, so any transition on that side would be fairly simple, while the TA platform would be switched to BISYS' Internet-enabled system.

In terms of future plans, Mohr also said that BISYS was looking at possible hedge fund administration, since the firm had recently developed those capabilities. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7

©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