"With asset growth expected to approach $2.1 trillion by 2011, BISYS views the growth of the SMA market as an important component of the investment management landscape and our business," said Fred Naddaff, President of BISYS Fund Services. "We have made considerable investments to develop our infrastructure and services for the SMA market, which are designed to alleviate the antiquated procedures that are present in most managers' programs today. It is clear to us that the SMA market has been underserved and, as a result, is a market that presents a significant growth opportunity."

The WealthManager program leverages BISYS Investment Services' expertise and proven infrastructure, policies and procedures to the SMA marketplace. The offering provides client benefits such as consolidated operations, improved investment management functionality, and flexible technology that facilitates customization. The program directly connects managers to their sponsor base in real-time and provides detailed account data delivery without competing with investment managers' objectives. The WealthManager program operations and platform are based in Columbus, OH.

The WealthManager offering is part of BISYS' overall program for the SMA market, WealthSolutionsTM. As part of its WealthSolutions effort, Christine Rogers has joined the WealthSolutions staff of BISYS Fund Services as Vice President for the separately managed accounts unit. Christine joins Christian Bolanos, Vice President of business development, another recent addition to the WealthSolutions team.

Ms. Rogers will be responsible for overseeing the daily operations of the WealthSolutions business. She will also manage client relationships and staff development. With nearly 20 years' financial services experience, Ms. Rogers brings considerable expertise to BISYS' SMA business. She comes to BISYS from CheckFree Investment Services, and has additional industry experience with Neuberger Berman, LLC, Shearson Lehman Brothers, Inc. and Merrill Lynch Pierce, Fenner and Smith. She is a member of the Money Management Institute Technology and Operations Committee, including subcommittee membership surrounding the development of industry standards for data communications and is co-chair for the subcommittee for performance measurement. Ms. Rogers maintains professional members with the Association for Investment Management and Research, New York Society for Security Analysts and is an STI Knowledge Certified Help Desk Manager.

Mr. Bolanos also brings extensive SMA expertise and in-depth understanding of the industry's needs and challenges. As part of the business development team, he is responsible for new client due diligence, business solution design, and the tailoring of BISYS' WealthSolutions programs to meet specific client needs and objectives. Prior to joining BISYS, Mr. Bolanos served in various related capacities at State Street Corporation, including his most recent role as Vice President of business development for managed account services.