Mutual fund services provider BISYS has beefed up its compliance services by hiring two industry veterans to serve as outsourced chief compliance officers for its fund clients.

Frank Pavlak and Frederick Schmidt will join the firm as part of its ComplianceEDGE program, one that provides its mutual fund clients with the policies, procedures and recordkeeping needed for compliance with SEC rule 38a-1, which takes effect Oct. 5.

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