Bank Of New York Repackages Financial Models And SS&C Products

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NEW YORK-- Bank of New York Co. has embarked upon a broad-based outsourcing and software sales initiative to provide portfolio accounting to investment managers and plan sponsors. One of the key components of the effort will make use of the minority investment the bank made last year in Toronto-based software publisher Financial Models Co. The initiative also extends the existing outsourcing services the bank provides to the plan sponsors and institutions that use its custodial and accountin

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