SEI (Nasdaq: SEIC) announced today that Johnson Bank has renewed its multi-year agreement with the company and as part of the agreement, SEI will continue to have operational responsibility for trust accounting and processing and other operational functions to the bank.
Johnson Bank has been an SEI client for more than ten years.
"We are focused on creating deep and trusting client relationships through superior service; to that end, SEI's strategic vision aligns perfectly with ours," said Brian Lucareli, Senior Vice President for Johnson Bank. "SEI's innovations and ability to deliver straight-through business processes continues to allow us to increase our efficiency and focus on what we do best: serve our clients."
SEI will also be providing a full suite of browser-based applications for customer administration, performance reporting, as well as institutional and private client account access and open architecture tools.
"Johnson Bank is a long-standing and valued client and we're extremely pleased to assist them in providing optimum value for their customers," said David Campbell, Senior Vice President of SEI's Private Banking business. "This has been a great relationship and we look forward to it continuing."