Brief: Old National transfers fund administration to Bisys

Brief: Old National transfers fund administration to Bisys

Bisys has won an outsourcing contract with Indiana-based Old National Signature Group to support the firm's new family of mutual funds.

Under the agreement, Bisys will provide fund administration, accounting, transfer agency and distribution services.

John Silletto, senior vice president and chief investment officer for Old National, says the firm was particularly impressed with Bisys' FundLink product for fund analysis.

Old National has approximately $6.5 billion in assets under management.

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