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Royal Bank Subs Select Bisys; WestLB Chooses Princeton's ePAM; Scottish Investment Firm Implements HiInvest

Royal Bank Subs Select Bisys

Voyageur Asset Management and Jones & Babson, subsidiary companies of Royal Bank of Canada, have selected Bisys, a business-process outsourcer to provide a fund-servicing platform. The Bisys platform will support four mutual-fund groups, Great Hall, Babson, J&B, and Investor's Mark Series Funds, which total $12 billion in assets. The platform includes fund accounting, sub-administration and transfer-agency services.

WestLB Chooses Princeton's ePAM

WestLB Asset Management, the investment-management arm of German bank WestLB AG, has chosen Princeton Financial Systems' ePAM, a software-hosting service for its portfolio-management and accounting systems. The Houston-based investment manager, which manages $7 billion portfolio of fixed-income investments, will use ePAM for Securities and ePAM for Mutual Funds. Princeton Financial will remotely house WestLB's databases as an application service provider.

Scottish Investment Firm Implements HiInvest

Scottish Widows Investment Partnership has implemented the first phase of Hilnvest, a front-office package from DST International. Swip is using HiCompliance for post-trade position keeping and compliance monitoring for its front-office fund managers and compliance staff. Swip plans to roll out modules for order management, decision support and enterprise compliance, as well as DSTi's HiReporting, HiPerformance and HiMarketData applications in offices in North America, the United Kingdom and Tokyo.

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Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.