Asset manager SEI has appointed financial technology vendor RiskFirst as a “key technology provider for its U.K. fiduciary management business,” according to a RiskFirst statement. The arrangement will see the two companies work together to combine RiskFirst’s pension technology expertise with SEI’s investment principle and capabilities, officials say.
“Investment in software and technology is at the forefront of SEI’s thinking across all of our business lines,” says David Hickey, a director at SEI’s Institutional Advisory Team, in a statement. “Specifically, our U.K. fiduciary management business has significantly grown its assets under management and client numbers over the past two years and investment in technology has been crucial in ensuring that our offering has remained best in class.”
SEI and its subsidiaries manage or administer mutual funds as well as pooled and separately managed assets, SEI officials say.
“Being selected by SEI to help them design and deliver this technology solution is a wonderful endorsement of our expertise and abilities given their impeccable reputation,” says Matthew Seymour, a managing director at RiskFirst in a statement.
SEI is a global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth, officials say.
As of September 30, 2014, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $612 billion in mutual fund and pooled or separately managed assets, including $249 billion in assets under management and $363 billion in client assets under administration, officials add.
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