Villanova Capital, the mutual fund unit of Nationwide Financial Services Inc., said it plans to use Bisys Fund Services for fund administration. Villanova, based in Philadelphia, has handled the back-office services in- house. Using Bisys would let the group focus on asset management and keep costs down through economies of scale, a Nationwide spokesman said.

Nationwide plans to increase the assets managed by the group from $20 billion to $50 billion by the end of 2002 through acquisitions and by creating more funds, the spokesman said.

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.