MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 13, 2003 PaydenFunds Taps Back Office Helper UMB Investment Services Group has won the contract to provide transfer agency services to the Paydenfunds and Metzler/Paydenfunds. Los Angeles-based Payden & Rygel advises both of the no-load fund families. All counted, the contract covers 23 funds and $2.5 billion in assets. The deal, which will kick in September of this year, covers both transfer agent and back-office services such as processing applications, recordkeeping, mailing shareholder statements, and reporting investor tax information. Payden & Rygel did not say which other firms had been considered during the search. Yot Chattrabhuti, senior vice president at the fund firm explained UMB was "very attentive" to identifying ways it could meet Payden's needs from the start of the search process. "When we met with UMB's management and staff, we could sense their enthusiasm, and we were convinced that they are well-qualified to offer high-quality service," said Chattrabhuti. UMB Investment Services is based in Milwaukee. Printed from: MFWire.com/story.asp?s=5339 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |