BISYS says Trustmark National Bank has renewed its contract with the firm. BISYS has successfully serviced the bank’s mutual fund family, which has approximately $1 billion in assets under management, since 1996
“BISYS has consistently demonstrated its commitment to the success and growth of our funds through the high quality and ever-expanding suite of services it provides,” says Duane A. Dewey, president – Wealth Management Group of Trustmark National Bank. “We are confident that BISYS’ extensive resources and resident expertise will continue to proactively support our growth and service goals. This partnership enables us to strategically focus on managing our funds and enhancing our shareholders’ experience.”
BISYS will continue to provide Trustmark with fund administration, accounting, regulatory, and transfer agency services. Trustmark National Bank also uses the financial services training solutions provided by BISYS Education Services; and the market analytics, advanced research, and customized consulting services provided by BISYS’ Financial Research Corporation (FRC) subsidiary. As a component of the contract extension, BISYS also will develop a sophisticated Web site designed to support the bank’s unique distribution and communication strategy.
According to Fred Naddaff, president of BISYS Fund Services, “the extension of this long-term, multi-services relationship demonstrates Trustmark National Bank’s confidence in BISYS, our industry experts, our outsourcing platform, and the caliber of our service model. It is rewarding that our efforts have earned us the opportunity to continue serving this valued client and its shareholders.”