SEI (NASDAQ: SEIC), has appointed RiskFirst as a key technology provider for its UK fiduciary management business. The arrangement will see the companies work together to combine RiskFirst’s unique pensions technology expertise with SEI’s highly-regarded investment principles and capabilities.
David Hickey, Director, Institutional Advisory Team at SEI, comments: “Investment in software and technology is at the forefront of SEI’s thinking across all of our business lines. Specifically, our UK 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.”
Matthew Seymour, Managing Director, RiskFirst, adds: “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. They have experienced wonderful success over the past few years with their business and we’re delighted to be a part of this going forward.”
SEI (NASDAQ:SEIC) is a leading 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. 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. For more information, visit seic.com.