BISYS Announces James L. Fox Promoted to CFO

September 25, 2003

The BISYS Group, Inc. announced that James L. Fox, president of BISYS Fund Services, will become the Company’s new CFO succeeding Andrew Corbin, who is resigning to join another company.

Fox, who joined BISYS in April of this year, is a 25-year veteran of the financial services industry with extensive executive, operating and financial experience. Prior to joining BISYS, Fox served for two years as president and CEO govONE Solutions, a leader in electronic government payment services and a subsidiary of First Data Corporation. Prior to joining govONE Solutions, he served for one year as vice president and CFO of Gomez Inc., a research and consulting company specializing in Internet technologies, following a twelve-year career with the Investor Services Group of First Data Corporation, a provider of processing and mutual fund and retirement service for mutual fund complexes, banks, insurance companies and investment advisory firms.

Fox held a number of senior executive positions in the Investor Services Group of First Data Corporation during his twelve-year career, including CFO, COO, and president at the time the group was acquired by PNC Financial Services Group Inc. in 1999. He then served as vice chairman at PFPC Inc., the mutual fund services company of PNC Financial Services Group Inc., and as a member of the board for PFPC Worldwide Inc.

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