BISYS Retirement Services, a division of the BISYS Group, has acquired Fargo, N.D.-based Frontier Trust Company from AXA Financial, adding over $12 billion in assets under management to the fold.

Frontier deals mainly with trustee and custodial services for qualified retirement plans. Once the acquisition is complete, current employees of Frontier will be working within the BISYS Retirement Services business.

“BISYS’ longstanding relationship with Frontier Trust over the last 20 years makes this a natural fit,” said Bob 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.”

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