FBR & Co. has appointed U.S. Bancorp Fund Services as the new transfer agent for 10 of its mutual funds, MutualFundWire reports. U.S. Bancorp has replaced JPMorgan Chase Bank. FBR is an investment bank with one of the strongest equities distribution capabilities in the securities industry and an active asset management business.
U.S. Bancorp Fund Services provides investment companies with a single-source solution for mutual fund and alternative investment product services. FBR focuses its banking, advisory, trading and research efforts in seven industry sectors including consumer, diversified industrials and energy as well as natural resources.
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