BISYS, a leading provider of outsourcing solutions for the financial services sector, today announced that it has expanded its outsourcing relationship with J O Hambro Investment Management, Ltd., a specialised investment management boutique with $4 billion in assets under administration.
The company is headquartered in London, England, and owned by Credit Suisse Private Banking. J O Hambro selected BISYS to provide a full-service administration model including fund accounting, financial administration, transfer agency, corporate secretarial and anti-money laundering services for the Waverton Investment Funds. BISYS currently provides fund administration services for J O Hambro Investment Management, Ltd.
According to Andrew Steel, Chief Operating Officer of J O Hambro Investment Management Ltd, "We are particularly pleased with the market response to our latest product launch the Waverton Funds. We have already won new assets totaling $20 million in assets under management for the fund range. In support of the product, we are delighted to be expanding our relationship with BISYS. J O Hambro Investment Management is recognised for their Investment performance and quality of service, and the BISYS brand effectively supports our positioning through a well recognised brand that stands for outstanding service. We look forward to continued success in our expanded relationship with BISYS through our newest product range, the Waverton Investment Funds."
"The J O Hambro Investment Management culture is geared toward first-class service as shown by their receipt of the 2003 PAM Award for "Best Quality of Service for a Boutique"," said Fred Naddaff, President of BISYS Fund Services. "We are delighted that they have expanded their relationship with our firm, knowing that we embody the same high levels of service standards. The depth of the relationship we have forged is proof of the discriminating nature of their business practices and BISYS' ability to fully support those ideals."
George Evans, Executive Vice President of business development for BISYS' Investment Services group, added, "After rigorous due diligence, J O Hambro Investment Management selected BISYS because of our product, quality service, and the strength and knowledge of our European team. We look forward to working closely with J O Hambro Investment Management and assisting them to meet their business objectives and goals."
BISYS will serve J O Hambro Limited from its European servicing center in Dublin, Ireland.