BISYS Selects Mrak for SMA Post

January 9, 2007 ( - BISYS Fund Services has tapped Joseph Mrak as senior vice president and general manager for its managed account outsourcing business, WealthSolutions.

A BISYS news release said Mrak comes from CheckFree Investment Services. As vice president of product management and marketing, Mrak was responsible for the strategy and development of the APL, GIM, and CALIPER product lines.

The announcement said that Mrak’s expertise includes multi-style portfolio and unified managed account program design and development, technology; business process best practices; and front, middle and back-office operations. He also has experience with institutional money management products and technology.

“We envision significant growth potential for Wealth Solutions and look forward to the many positive contributions Joe is poised to bring to our wealth management clients and prospects,” Fred Naddaff, president of BISYS Fund Services, said in the news release.

Prior to joining CheckFree, Mrak was a co-founder of Placemark Investments, a leading overlay portfolio manager of separate account solutions for financial professionals and their clients, the announcement said.

He received a Bachelor of Science degree from Marquette University and received his MBA from the University of Texas at Austin.