Manning & Napier Advisors renews Bisys outsourcing agreement

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BISYS, a leading provider of business process outsourcing solutions for the financial services sector, will continue to support Rochester, New York-based Manning & Napier Advisors, Inc. BISYS provides Manning & Napier Advisors' mutual funds; Exeter Fund, Inc.; and the Exeter Trust Company Collective Investment Funds with technology-driven outsourcing services.

BISYS will continue to support these funds, which collectively represent approximately $1.44 billion in assets and more than 25,000 investor accounts, with fund accounting and transfer agency services. Through its Financial Research Corporation (FRC) subsidiary, BISYS also will continue to provide market analytics, advanced research, and customized consulting services that assist in the development and distribution of financial products and services.

According to Fred Naddaff, president of BISYS Fund Services, "It is rewarding that BISYS' proven industry expertise, ever-expanding suite of back-office and distribution services, and commitment to outstanding customer care were key factors in this valued client's renewal decision. We welcome the opportunity to continue serving this progressive firm, and we are confident that our resources and strict focus on client satisfaction will continue to proactively support Manning & Napier Advisors' growth and service goals."

Jylanne Dunne, executive vice president of client services for BISYS Fund Services, said, "We welcome the opportunity to continue supporting Manning & Napier. We believe that each contract renewal is an endorsement of our robust functional capabilities; our ability to consistently provide a leading-edge servicing solution through the regular introduction of new products, services, and technology; and our fundamental commitment to support each client with high quality service."

Manning & Napier Advisors initially established its relationship with BISYS in 2000, and has continually expanded its relationship by contracting for a variety of additional services.

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