MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 1, 2007 Citigroup Decides FRC's Fate Citigroup will not let go of Financial Research Corp., a Bisys subsidiary, when its acquistion of The Bisys Group closes later this year, according to a Reuters report. There has been speculation in the market that Citi might sell FRC when the deal closes. But on Friday, a Citi official told Reuters that Citi will keep FRC. "It's a hot property and a property that we will maintain because of its need in the industry," Andrew Smith, head of Citi's North America funds and securities services, was quoted as saying. Printed from: MFWire.com/story.asp?s=14591 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |