BSG Bisys Grp.

BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, today announced that it has hired Patrick Prill, executive vice president, responsible for the hedge fund administration operations in the New Jersey, Cayman Islands and San Francisco offices. He is based in the Roseland, New Jersey office and reports to Bill Neville, president of BISYS Alternative Investment Services. Mr. Prill has over twenty-three years of experience in the financial services industry. Prior to joining BISYS, he held senior positions at Soros Fund Management, Tiger Management, Morgan Stanley, and Deloitte & Touche. Having served as chief information officer for the hedge fund and private equity businesses at Soros, the managing director of Operations and Systems at Tiger Management, and principal at Morgan Stanley, Mr. Prill is well suited for his new role. �We are extremely excited to have Patrick on of our team,� said Mr. Neville. �He brings a wealth of experience, leadership and knowledge to his new position. Patrick knows the hedge fund industry well, and I look forward to leveraging his expertise in the continued growth of our business.� �I�m pleased to be a part of BISYS� hedge fund services division,� said Mr. Prill. �BISYS has great people and great clients. The firm has experienced significant growth and has earned a position as one of the largest firms in the industry by delivering consistently high standards of service. I look forward to helping the firm in achieving even higher levels of quality, expanded services, and continued growth. This is a great industry that is still in its adolescence - we plan on continuing to be a strong force in its growth and maturity. About BISYS Alternative Investment Services BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over $225 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is 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. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS� business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS� periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS� website at www.bisys.com under the �Investor Relations� tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise. BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, today announced that it has hired Patrick Prill, executive vice president, responsible for the hedge fund administration operations in the New Jersey, Cayman Islands and San Francisco offices. He is based in the Roseland, New Jersey office and reports to Bill Neville, president of BISYS Alternative Investment Services. Mr. Prill has over twenty-three years of experience in the financial services industry. Prior to joining BISYS, he held senior positions at Soros Fund Management, Tiger Management, Morgan Stanley, and Deloitte & Touche. Having served as chief information officer for the hedge fund and private equity businesses at Soros, the managing director of Operations and Systems at Tiger Management, and principal at Morgan Stanley, Mr. Prill is well suited for his new role. "We are extremely excited to have Patrick on of our team," said Mr. Neville. "He brings a wealth of experience, leadership and knowledge to his new position. Patrick knows the hedge fund industry well, and I look forward to leveraging his expertise in the continued growth of our business." "I'm pleased to be a part of BISYS' hedge fund services division," said Mr. Prill. "BISYS has great people and great clients. The firm has experienced significant growth and has earned a position as one of the largest firms in the industry by delivering consistently high standards of service. I look forward to helping the firm in achieving even higher levels of quality, expanded services, and continued growth. This is a great industry that is still in its adolescence - we plan on continuing to be a strong force in its growth and maturity. About BISYS Alternative Investment Services BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over $225 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc. About BISYS The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is 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. Additional information is available at www.bisys.com. Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances due to future events as well as changes in economic, competitive, regulatory and/or technological factors affecting BISYS' business, including, without limitation, the ongoing government investigations and litigations involving the company. More detailed information about risk factors that could cause actual results to differ materially are noted in BISYS' periodic filings with the Securities and Exchange Commission. These documents can be accessed on BISYS' website at www.bisys.com under the "Investor Relations" tab. Forward-looking statements are only predictions, not guarantees of performance, and speak only as of the date they are made. BISYS disclaims any obligation to update or amend these statements in light of new information, future events or otherwise.