20 February 2018
Visit www.avoka.com

SEI signs Riverfront Investment Group

19 May 2008  |  1363 views  |  0 Source: SEI

SEI (Nasdaq: SEIC) today announced that it has been selected by the recently-established Riverfront Investment Group, LLC to provide operations outsourcing services for the firm's separate account business.

Riverfront, which was recently founded by four highly-regarded former Wachovia Securities senior executives, selected SEI following a comprehensive evaluation process. The deal continues a strong 12-month period for SEI as the market continues to reinforce the firm's ongoing leadership in the separate account space.

Under the agreement SEI will provide Riverfront with a fully-outsourced, customized solution centered on delivering automated business processes, account administration, reconciliation, and reporting. Key factors leading to SEI's selection included the company's ability to rapidly scale to accommodate Riverfront's anticipated client growth and its workflow and straight-through- processing environment, which will enable Riverfront to grow its business without disruption. Riverfront also pointed to SEI's comprehensive outsourcing solutions and expertise across investment product lines as a strong differentiator given the firm's anticipated growth strategy.

"SEI is clearly the leader in the investment manager outsourcing space, which they consistently demonstrated throughout the selection process," said Pete Quinn, Riverfront's Chief Operating Officer. "In SEI we have a partner with a proven solution to support a large number of accounts across multiple sponsor platforms in an automated fashion. Their integrated outsourcing infrastructure will enable us to continue to evolve our business and we are excited to partner with them as we grow our business both in the short-term and long-term."

"More and more we are seeing new firms turn to outsourcing as a way to build institutional- quality infrastructures quickly and efficiently," said John Alshefski, Head of Business Development for SEI's Investment Manager Services division. "These are talented, highly-respected industry veterans who want to be able to focus on their investment business. We're pleased that they have selected SEI as a means to give their new firm a competitive advantage. We look forward to partnering with them in this new venture and helping them succeed."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11768 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9389 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9202 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7962 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7288 views comments | 19 tweets | 18 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job