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 products.”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.