Brief: Wachovia extends SEI investment processing agreement
07 August 2002 | 3900 views | 0
Wachovia Corporation has signed a new, long-term partnership agreement to use investment processing technology from SEI Investments for its institutional custody business.
Under the agreement, Wachovia will use SEI's straight-through processing solutions to automate its client servicing and processing functions.
Wachovia's institutional trust services provides a range of global custody, securities lending and short-term asset management services to corporate and institutional clients.
Wachovia, including its predecessor banks, has been an SEI client for over ten years.