Fifth Third Asset Management (FTAM) Selects BISYS(R) for Their Separately Managed Accounts (SMA) Program; BISYS Announces New WealthSolutions(TM) Program Client.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced that Fifth Third Asset Management (FTAM (File Transfer Access and Management) A communications protocol for the transfer of files between systems of different vendors. FTAM - File Transfer, Access, and Management: an application layer protocol for file transfer and remote manipulation ), selected BISYS as their strategic partner to administer their separately managed accounts (SMA (1) See SMA connector. (2) (Shared Memory Architecture) See shared video memory. (3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. ) program. BISYS' WealthSolutions(TM) offering is specifically designed for the SMA marketplace and provides a suite of middle-and back-office services that enable asset managers to focus their efforts on the manufacturing and distribution of portfolio products as well as concentrate on building and retaining relationships. "The SMA marketplace is a strategic growth area for our business," said Christopher J. Bell, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of FTAM. "As we reviewed potential partners, it was apparent that the combination of BISYS' superior service, comprehensive technology solutions, and single focus on providing business solutions to the financial services marketplace provided the ideal partnership to help us achieve our goals. BISYS' platform gives us the necessary flexibility to manage and expand our current sponsor relationships, and develop new ones." The WealthSolutions offering brings BISYS' servicing expertise, infrastructure investments, and experience in developing policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental to the SMA marketplace. Clients in the SMA marketplace receive significant benefits including a platform that delivers consolidated portfolio management and operating information. "BISYS has worked diligently to develop a unique and progressive program for the emerging SMA outsourcing marketplace. We are delighted that FTAM recognizes the value of our offering," said Fred Naddaff, President, BISYS Fund Services. As our SMA client base continues to grow, we look forward to working closely with them to achieve their business objectives." George Evans, Executive Vice President Business Development, BISYS Investment Services, added, "We are very excited about partnering with FTAM. It is extremely rewarding that FTAM has recognized the value of our WealthSolutions offering." About Fifth Third Asset Management, Inc. (FTAM) Fifth Third Asset Management, Inc. (FTAM), an indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Fifth Third Bancorp, is a diversified asset management firm providing investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to institutional investors, private accounts, and mutual funds. FTAM offers value, growth, core, and quantitative equity strategies as well as short term, intermediate, and core fixed income strategies. As of June 30, 2005 FTAM had over $21 Billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Through teams of experienced and knowledgeable investment professionals, advanced research resources and a disciplined approach, FTAM's goal is to produce superior, long-term investment results and client satisfaction. About BISYS The BISYS Group, Inc. (NYSE NYSE See: New York Stock Exchange : BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin ) provides outsourcing solutions that enable investment firms, insurance companies, and banks to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans and other investment products. Through its Insurance Services group, BISYS is the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. , disability, and annuity products. BISYS' Information Services group provides industry-leading information processing, imaging, and back-office services to banks, insurance companies and corporate clients. Headquartered in New York, BISYS generates more than $1 billion in annual revenues worldwide. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission. |
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