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BISYS completes acquisition

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Calling it a natural fit, BISYS Retirement Services announced that the BISYS Group acquired Fargo, N.D.- based Frontier Trust Co. BISYS Retirement Services offers outsourcing solutions for every segment of the retirement marketplace; Frontier Trust has business lines that consist of trustee and custodial services for qualified retirement plans.

“BISYS’ long-standing relationship with Frontier Trust over the last 20 years makes this a natural fit,” said Gob Guillocheau, president of BISYS Retirement Services. “In a consolidating industry, this acquisition allows BISYS to further execute our strategic vision of providing robust retirement plan services to our clients.”

Existing employees of Frontier Trust and the current management structure will remain in place; Frontier Trust will operate as a separate division.