Huntington Wins Gold NOVA Award
Huntington Funds and Huntington Asset Services honored for Back Office
COLUMBUS, Ohio -- November 08, 2012
Huntington Funds and Huntington Asset Services, wholly-owned subsidiaries of
Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com),
announce they are the Gold winner of the NOVA Award for Innovation in Back
Office Efficiencies for 2012.
The NOVA Awards honor outstanding leadership and achievement in mutual fund
operations and marketing and are produced by Money Management Executive in
conjunction with the National Investment Company Service Association (NICSA).
Winners were honored at NICSA’s General Membership Meeting.
Over the past 12 months, a significant capital commitment made by gold award
winner Huntington Funds and its sub-administrator, Huntington Asset Services,
has resulted in an array of state-of-the-art systems and enhanced productivity
and procedures, establishing them as a leader in providing oversight, critical
processes and services for their investment products said Money Management
Executive in a published article.
“We are pleased with this acknowledgement of our continuing commitment to
enhance the customer experience of both our long standing clients, and the new
clients who have recently chosen Huntington as their partner of the future,”
said Joe Rezabek, president of Huntington Asset Services. “These upgrades
represent a precision blend of technological enhancements and human touch that
allow us to better streamline our back offices procedures, while remaining
competitive in the marketplace, by introducing new and more innovative
The streamlined processes have allowed Huntington to reduce paperwork, unify
systems and operations, and strengthen reporting procedures. Over the next
several years, these upgrades should help the company improve operational
efficiency and attract new customers.
Money Management Executive added, “Huntington’s commitment to its technology
and process review goal has resulted in its ability to provide daily returns;
automated delivery of any period of performance for the fund and related
benchmarks; increased frequency and accuracy of detailed post-trade compliance
reviews; and earlier identification of potential tax issues related to
investments in foreign issuers among other achievements.”
About Huntington Asset Services, Inc.
Huntington Asset Services, Inc. has been providing mutual fund service
solutions for more than 40 years. Huntington's fully integrated services
include fund administration, accounting, transfer agency, compliance,
distribution and custody for clients with combined assets of more than $45
billion. Huntington's comprehensive solutions support both standalone and
series trust structures. Based in Indianapolis, Huntington Asset Services,
Inc. and Unified Financial Securities, Inc. are wholly-owned subsidiaries of
Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), a $56
billion regional bank holding company headquartered in Columbus, Ohio. More
information is available at www.HuntingtonAssetServices.com.
The logo mark and Huntington^® are federally registered service marks of
Huntington Bancshares Incorporated.
Huntington Bancshares Incorporated
Cynthia Kincaid, 614-480-5415
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