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."