First Data Investor Services Group has climbed a rung on the ladder of top administrators of bank-managed mutual funds.

The Westborough, Mass., company's fund administration business jumped 17.9% in the second quarter, nudging it into fifth place, according to Lipper Analytical Services Inc., Summit, N.J.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.