BISYS says its outsourcing relationship with the Credit Suisse-owned fund management boutique J O Hambro Investment Management is being expanded to include fund accounting, financial administration, transfer agency, corporate secretarial and anti-money laundering services for the Waverton Investment Funds. BISYS currently provides fund administration services for J O Hambro Investment Management Ltd.
“We are particularly pleased with the market response to our latest product launch the Waverton Funds,” says Andrew Steel, Chief Operating Officer of J O Hambro Investment Management Ltd. “We have already won new assets totalling $20 million in assets under management for the fund range. In support of the product, we are delighted to be expanding our relationship with BISYS. The BISYS brand effectively supports our positioning through a well-recognized brand that stands for outstanding service. We look forward to continued success in our expanded relationship with BISYS through our newest product range, the Waverton Investment Funds.”
Hambro, which has $4 billion in assets under administration, is headquartered in London. It is owned by Credit Suisse Private Banking.
“The J O Hambro Investment Management culture is geared toward first-class service as shown by their receipt of the 2003 PAM Award for ‘Best Quality of Service for a Boutique’,” says Fred Naddaff, President of BISYS Fund Services. “We are delighted that they have expanded their relationship with our firm, knowing that we embody the same high levels of service standards. The depth of the relationship we have forged is proof of the discriminating nature of their business practices and BISYS’ ability to fully support those ideals.”
George Evans, Executive Vice President of business development for BISYS’ Investment Services Group, says that Hambro chose BISYS after rigorous due diligence. BISYS will service the account from Dublin.