WILMINGTON, DEL. — PFPC Inc., which says it is the nation’s largest full-service mutual fund transfer agent and second largest provider of mutual fund accounting services, expects to create some 290 new positions, to be based in a new Rhode Island office and a current site in King of Prussia, Pa. PFPC is a member of the PNC Financial Services Group, Inc.
The new positions will be created to service a new contract with Primerica Financial Services, PFPC officials said.
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There will be approximately 180 positions created in Rhode Island as a result of the deal, Mike McCarthy, senior vice president and general manager of PFPC, told PBN.com. The company will open offices in the general Providence area, and is finalizing a location for its offices this week, McCarthy said.
Training for new workers here will begin the second week of March, with offices opening in July, McCarthy said.
Primerica Financial Services, a financial services marketing organization, has signed a five-year contract with PFPC. PFPC said it expects to service some $22.7 billion in assets through the contract, representing almost three million shareholder accounts.
