BISYS announced today that London-based Liontrust Asset Management PLC has outsourced the administration of its PEP and ISA products to the firm, after a formal review of the alternatives.
“After reviewing competitive alternatives, we selected BISYS as the provider most closely aligned with our own philosophies, and most importantly, our high touch service approach,” says William Carey, joint CEO at Liontrust. “We believe that BISYS’s consultative style complemented by a dedicated service team will enable us to generate higher levels of organisational and operational efficiency, enhance the service levels to our clients, and reduce future investment in our non-core infrastructure.”
Founded in 1994, Liontrust Asset Management PLC is a listed company selling asset management products to professional investors and their advisers. Small and relatively unknown, Lionheart currently manages $3.5 billion of segregated and pooled pension fund accounts, branded unit trusts, investment trusts, offshore funds, individual savings accounts, personal equity plans (PEPs), and externally managed funds.
“Liontrust is one of the fastest growing UK asset managers and is recognised in the investment community for its excellent performance and high-quality client service,” says Tony Johnson, executive vice president of BISYS Fund Services Europe. “We are delighted that Liontrust Asset Management has entrusted BISYS and our customised outsourcing solution to support their PEP and ISA products.”
According to Bill Tomko, the US-based president of BISYS’ Investment Services group: “It is especially rewarding to add this prestigious firm to BISYS’ European client roster following its thorough and professional competitive evaluation. We believe our ability to provide the high-quality services that meet the requirements of today’s asset managers will proactively support Liontrust’s day-to-day operational and customer service objectives, and will support our continued growth in Europe.”