Industry

Citigroup announced last Wednesday that it will acquire BISYS Group for $1.45 billion in cash and divest its retirement and insurance services units to J.C. Flowers, a private equity firm, for $650 million. Citigroup will keep BISYS' fund and alternative investment units so that it can expand its services to hedge funds, mutual funds and private equity firms.

Depository Trust Names George Chief Risk Officer

Fidelity Shakes Up Exec Ranks as Reynolds Retires

Expert Bond Guru Speaker Leaving Janus Capital

Petko to Head Fund Sales For Transamerica Capital

MassMutual Merging Annuity, Income Units, With Dickey at the Helm

Amid speculation that a sale of all or parts of financial servicing company BISYS Group of Roseland, N.J., are in the works, one hedge fund manager, Ahmet Okumus, president of Okumus Capital of New York, has been buying up shares of the firm and is looking for a seat on the company's board.

As it approaches its first birthday, the Gaming and Casino Fund, now managed by Ahrens Advisors of Dallas, is ready to welcome a brand new parent.

ICI Selects Olson as Senior Counsel of Int'l Affairs

Evergreen Hires Cieszko As Distribution Chief