BISYS announced today that its outsourcing relationship with Ohio-based Banc One Investment Advisors, the investment advisor of the One Group Mutual Funds, had been extended and expanded.
BISYS was selected 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’s 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 are comprised of 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.
Banc One Investment Advisors also extended its outsourcing relationship. 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 this same suite of services.
In June 2002, BISYS announced its agreement with One Group Administrative Services, Inc., a subsidiary of Bank One Corp., to provide comprehensive portfolio accounting services for the CollegeChoice 529 Investment Plan, which One Group Administrative Services administers for the state of Indiana and offers to all 50 states.
According to Bill Tomko, president of BISYS’ Investment Services group, “We are extremely pleased that Bank One, the nation’s sixth-largest bank holding company, has the confidence in our products, services, and associates to once again expand our strong relationship.”
Banc One Investment Advisors, a SEC-registered investment advisor, has more than $160 billion in assets under management in individual portfolios, institutional portfolios, and One Group Mutual Funds. Banc One Investment Advisors is a direct, wholly owned subsidiary of Bank One Corporation.