American National Bank extends SEI licence

Source: SEI

SEI (NASDAQ:SEIC), a leading global provider of asset management services and investment technology solutions, announced today that American National Bank has renewed its contract with SEI for its portfolio processing and accounting system.

"SEI's solution allows us to create processes to drive growth and deliver exceptional service to our clients," said Daniel A. Rich, Executive Vice President for American National Bank. "They have always provided us with dependable and comprehensive service and we are very pleased to continue this relationship and expand the scope of services."

In addition to the portfolio processing and accounting system, American National Bank will use SEI's integrated portfolio management solution. This solution will provide decision support, trade order management, trade execution and compliance and reporting services in a straight-through processing environment. SEI will also provide a fully integrated trading, income processing and reconciliation environment for the bank's mutual fund operations.

"We are very pleased to assist American National Bank in providing greater value and expanded service for their customers," said Brandon Sharrett, Managing Director of SEI's Private Banking and Trust Segment. "They are a long-standing and valued client, and we're glad to work with them in growing their business through our broadened relationship."

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