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Fri 05 May 2007Citi acquires fund administrator for $1.45bnCiti will become Ireland's fifth largest fund administrator and the country's largest foreign bank employer following the $1.45 billion (€1.07 billion) acquisition of Bisys by its US parent.Bisys, which provides outsourcing services to investment firms and insurance companies, has two offices in Dublin and one in Waterford, and employs more than 500 people here.