Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BISYS Offers Proxy Service Solution Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 9, 2003

BISYS Offers Proxy Service Solution

by: Ki Kim

New York-based BISYS has partnered with the Investor Responsibility Research Center (IRRC) to offer a cost-effective, outsourced proxy voting and recordkeeping solution to mutual fund firms. IRRC's solution, in conjunction with BISYS' fund administration services, will address the new regulatory requirements imposed by the SEC.

The two firms are rolling out a packaged, end-to-end solution that can be customized to client-specific guidelines and reporting requirements. The suite includes review and development of proxy voting guidelines, outsourcing and recordkeeping, as well as Web publishing of fund proxy vote history and proxy proposal research. Founded in 1972, IRRC, which operates out of the Washington, D.C. area, is deemed a pioneer in the area of proxy research and voting services.

"Understanding that the SEC's new proxy rules will significantly change the way our clients handle this aspect of their business, we researched the industry and identified an appropriate solution," said James L. Fox, president of BISYS Fund Services. The alliance was developed over the last three to six months, according to the executive.

George Evans, executive vice president of business development for BISYS Investment Services, pointed out that the BISYS-IRRC solution, which streamlines the front- and back-end proxy voting and recordkeeping processes, enables fund managers to automate a labor-intensive and relatively costly process.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use