BISYS Fund Services

Citigroup (Citi) completed its acquisition of The BISYS Group, Inc. effective August 1, 2007. On that same date, private equity firm J.C. Flowers & Co. LLC (JCF) completed a transaction with Citi in which JCF acquired the Insurance and Retirement Divisions of the former BISYS Group, Inc. JCF combined those businesses with Crump Insurance Services, Inc., a wholesale property and casualty insurance broker already owned by JCF. The combined insurance organization operates under the name Crump Group, Inc. with the Retirement Services business operating under the name Ascensus. Citigroup retained the Investment Services Division of the former BISYS Group, Inc. About The Bisys Group, Inc. The BISYS Group, Inc. was a public (NYSE: BSG) global outsourcing solutions firm that helped investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Through its Insurance Services group, BISYS was the nation's largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Its Investment Services group provided administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products.