Bordier & Cie (UK) PLC Signs 5-Year Contract Extension With SEI Wealth Platform(SM)

LONDON, UNITED KINGDOM -- (Marketwired) -- 03/30/16 -- SEI (NASDAQ: SEIC) UK Private Banking has announced that it has extended its contract for a further five years with the UK Wealth Management firm Bordier & Cie (UK) PLC. The new agreement will extend the successful relationship between the two companies until at least 2022.

Building on an existing five-year commercial relationship between both companies, the re-contract terms mean the SEI Wealth Platform will continue to provide integrated wealth-management infrastructure to Bordier, allowing the company to offer the best technological innovation and service to its clients.

Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, said:

"The ability to deliver high-quality client service at a time of significant industry change is now the prime consideration for private banks and wealth managers. A crucial ingredient for firms wanting to meet this objective is the means to build scalability into their business models.

"We are delighted to be working with Bordier for a further five years. This new contract will allow us to help the business keep pace with its strategy for growth."

Jamie MacLeod, Chief Executive, Bordier & Cie (UK) PLC, said:

"We appreciate the importance of having a partnership with a provider capable of offering solutions which will help us grow over the course of the next decade. The company anticipates rapid growth in the coming years and the SEI Wealth Platform strengthens our ability to respond to client needs swiftly and efficiently. We are delighted to extend the terms of our contract, and look forward to continuing our relationship with SEI."

About the SEI Wealth Platform(SM)
The SEI Wealth Platform (the Platform) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. The SEI Wealth Platform supports trading and transactions on 132 stock exchanges in 51 countries and 35 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: seic.com/enUK/banks/288.htm.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2015, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $670 billion in mutual fund and pooled or separately managed assets, including $262 billion in assets under management and $408 billion in client assets under administration. For more information, visit seic.com.

About Bordier (UK)
Bordier (UK) is the British arm of the Bordier & Cie Group. The firm is based in St James's at the heart of London's wealth management district and has been trading as Bordier (UK) since September 2014. Known previously as Berry Asset Management PLC, it commanded wide respect as one of the country's leading private portfolio management firms. The firm's relationship with the Bordier Group, an independent and international group headquartered in Geneva began in 2001, when a strategic alliance was formed through the Group's acquisition of a stake-holding in Berry.

Bordier (UK) is independently managed, under the leadership of Chief Executive Officer Jamie MacLeod, with the team that led Berry Asset Management PLC continuing to run the business to this day.

Bordier (UK) has a single focus, the provision of wealth management services for UK, international and resident non-domiciled clients -- private clients, trustees, personal pensions, charities and City livery companies included -- its range of services becoming ever broader over the years.

Amongst its distinguishing features Bordier (UK):

• concentrates on investment management;
• has no in-house products to sell;
• has a clear, competitive and completely transparent pricing structure;
• submits portfolio performance data to Asset Risk Consultants (ARC);
• has its principals' money invested alongside that of its clients

The firm has been recognized for the quality of its service, levels of client satisfaction, outstanding risk-adjusted investment performance over the longer term, and innovations, with a number of awards from leading industry organizations over the years; it has won or been shortlisted for 37 prestigious industry awards since 2012.

For more information, visit: bordieruk.com

About Bordier & Cie
The Bordier & Cie Group is built on solid foundations, with a strong Tier 1 capital ratio above 20%. Established in Geneva in 1844, and operating in six countries across three continents, the Group manages in excess of £7.5bn for circa 5,000 families.

Bordier & Cie is owned and managed by the descendants of the founding families, the Partners having unlimited personal liability for all the transactions entered into. The status of Partner is handed down from generation to generation to safeguard the permanence of the business. This distinctive aspect, together with its financial solidity, enables it to focus clearly on its clients' long-term goals, rather than on the short-term targets of outside shareholders.

Bordier & Cie:

• manages AUM in excess of £7.5bn (circa CHF 10.5bn) as of 31 December 2015;
• employs circa 225 staff globally, 35 of whom work within Bordier (UK);
• has offices in Bern, Geneva, London, Montevideo, Lyon, Paris, Singapore, the Turks & Caicos Islands and Zurich

Company Contact:
Caroline Deutsch
SEI
+44 (0)20 3810 7561
cdeutsch@seic.com

Media Contact:
Mark Gee/Sam Hunter
MRM
+44 (0) 20 3326 9914
seiwp@mrm-london.com

Source: SEI

Released March 30, 2016