BISYS Scoops Up Frontier Trust Company

July 12, 2007 ( - BISYS Retirement Services has acquired Fargo, North Dakota-based Frontier Trust Company from AXA Financial, Inc.

According to a press release, Frontier Trust’s business mainly focuses on trustee and custodial services for qualified retirement plans, and has assets under management of more than $12 billion.

Following the acquisition, existing employees of Frontier Trust along with the current management structure will remain with the business and operate as a separate division in the Retirement Services business.

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

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