Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

BISYS Life And Retirement Arm End Up At Crump

Your article was successfully shared with the contacts you provided.

Citigroup Inc. has consummated the acquisition of a major financial services support company.

BISYS Group Inc., Roseland, N.J., has gone ahead with a previously announced deal with Citigroup, New York, and filed a form with the U.S. Securities and Exchange Administration that has terminated the registration of BISYS securities with the SEC.

Citigroup is keeping the BISYS units that support mutual funds and hedge funds, but it has sold the old BISYS life, retirement services and commercial insurance operations to J.C. Flowers & Company L.L.C., New York, a private equity firm.

Before J.C. Flowers acquired the BISYS operations, it owned Crump Group Inc., Dallas.

Crump will run the BISYS life and retirement services divisions as separate divisions, and it will combine the commercial insurance business with its own commercial services division, J.C. Flowers says.

John Howard, who has been president of BISYS Life Insurance Services, will be president of the Crump Group.

Bob Guillocheau, who has been head of the retirement services division, will continue to manage that division, J.C. Flowers says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.