Merrill Lynch extends Bisys outsourcing agreement

Merrill Lynch extends Bisys outsourcing agreement

Merrill Lynch has extended its outsourcing contract with Bisys to include transfer agency services for its recently launched Dublin-based UCITS umbrella fund.

Bisys currently provides recordkeeping services and analytical research for 4000 Merrill Lynch retirement plans through its Financial Research Corporation (FRC) subsidiary.

The vendor's transfer agency services, which are driven by a real-time recordkeeping platform, support both retail and institutional accounts and multiple share classes and pricing structures.

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