Investors Bank & Trust has reported a 63% increase in earnings over the 2nd quarter of 2003. The bank enjoyed a 26% increase in revenue over the same period.
Total assets processed for clients are now at $ 1.2 trillion, up 34% from 30 June 2003. New clients converted during Q2 included Matlin Patterson, Marathon Asset Management and Manning & Napier.
Investors Bank says it also won $8.5 billion in new business from existing clients, including Eaton Vance, BGI, Mass Mutual and Vega Asset Management.