BISYS has appointed former PFPC vice chairman James L. Fox president of BISYS Fund Services.
Fox will run the fund services outsourcing businesses on both sides of the Atlantic, reporting directly to Bill Tomko, president of the BISYS Investment Services group. He took up his new position at BISYS yesterday, and will be based in the company’s Boston office.
“We elected to complement our extremely strong management team with a divisional president to provide specific focus on our mutual fund services business,” explains Tomko, who has served as president of BISYS Fund Services since 1999 as well as group president of BISYS Investment Services since 2000. “The addition of this executive position will enable me to focus on growing each of our investment services businesses, which include retirement plan servicing, hedge fund and private equity fund servicing, and mutual fund servicing. Jim’s proven leadership, outstanding reputation, and industry expertise uniquely qualify him for this position. I believe Jim’s management talent is ideally matched with our strategic plans to further capitalize on the tremendous progress BISYS Fund Services has made during the past several years.”
Prior to joining BISYS, Fox served as president and chief executive officer of govONE Solutions, a subsidiary of First Data Corporation. He was formerly vice chairman at PFPC Inc., the mutual fund services company of PNC Financial Services Group, Inc., and served as a member of the board for PFPC Worldwide Inc. Previously, he served as president of the First Data Investor Services Group, a division of First Data Corporation. Prior to his 14-year career at First Data, Fox was president of Distribution Management Services, Inc. “I am extremely excited to join BISYS,” says Fox, “and I welcome the opportunity to leverage my experience to help BISYS continue to grow and provide premier service to its clients.”
Fox holds a Bachelor of Arts degree in economics from State University of New York, and an MBA from Suffolk University. He is also a graduate of the Wharton School, AMP.