The deal is the latest in a series of high profile SMA outsourcing wins for SEI and marks the firm's continued emergence as a market leader in the space.

Under the agreement, SEI will provide Robeco with a fully outsourced, customized solution centering on business processes, account administration, reconciliation and reporting. In addition to streamlining administrative functions through electronic workflow and web-accessed real-time account information, the SEI solution enables managers to meet widely varying requirements of non-standardized sponsor platforms, with an ongoing focus on compliance and documentation. SEI was selected in an open bid process among some of the most recognizable providers in the space.

"We're looking to aggressively grow our business and we're confident SEI is the partner to help us get there," said Richard Hein, Principal at Robeco Investment Management. "Not only do they have a proven track record of success but they've shown a tremendous ability to implement new accounts quickly and efficiently."

"We're pleased to be chosen by another large institutional firm like Robeco," said John Alshefski, Head of Business Development for SEI's Investment Manager Services division. "Our robust platform is ideally suited to accommodate the complex processing needs of Robeco and we look forward to helping them achieve their aggressive growth targets and ongoing business and service goals now and in the future."