BISYS says RBC subsidiaries Voyageur Asset Management and Jones & Babson have chosen it to support the Great Hall, Babson, J&B, and Investor’s Mark Series Funds. BISYS will support these fund families, which represent 26 mutual funds, 26 portfolios, and approximately $12 billion in assets, with fund accounting, sub-administration, and transfer agency services.
“BISYS’ outsourcing solution will enable RBC to dramatically increase their speed-to-market with new products and services, and to focus exclusively on their core competencies and performance goals,” claims James L. Fox, president of BISYS Fund Services. “We believe our outsourcing solution is ideally suited to support RBC’s migration to outsourcing and its growth and service goals, and we welcome the addition of this respected organization to our client roster.”
George Evans, executive vice president of business development for BISYS Investment Services, added: “It is rewarding that Voyageur Asset Management and Jones & Babson selected BISYS, and we are delighted by their confidence in our robust outsourcing platform and our industry experts. We look forward to building a long-term relationship by performing mission-critical technical, accounting, customer care, and other back-office services for the RBC-related funds, and we expect its migration to outsourcing will be a tremendous success.”
Voyageur Asset Management Inc. is a wholly owned subsidiary of RBC Dain Rauscher Corp. and was founded in 1983. It provides fixed income, equity, and balanced portfolio management services to clients with assets worth $20 billion, including individuals, public entities, Taft-Hartley plans, corporations, private nonprofits, foundations, endowments, and healthcare organizations. RBC Dain Rausc is a full-service securities firm with more than 2,100 financial consultants and 6,000 employees. Founded in 1909, RBC Dain Rauscher is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection.