SEI Selected by Montag & Caldwell to Provide Outsourcing Services For New UCITS Fund

UCITS Experience Critical as Managers Increasingly Seek Global Distribution

OAKS, Pa., Jan. 15 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today announced that it has been selected by US-based equity manager Montag & Caldwell to provide outsourcing services for the firm's newly formed UCITS (Undertakings for Collective Investment in Transferable Securities) fund. The deal points to SEI's leadership in helping fund managers quickly achieve broader global distribution through UCITS funds. The UCITS directive is a "passport" system that allows managers to operate throughout European Union member nations under a uniform regulatory framework. This allows investment managers to more efficiently distribute their funds across Europe and invest in a wider range of products.

Under the terms of the agreement, SEI will provide administration, accounting, and investor servicing, as well as the Irish trustee and custodial services to Montag & Caldwell's U.S. Equity Large Cap Growth fund. SEI's global presence and the firm's expertise in Irish regulatory issues, UCITS in particular, were pointed to as key factors in the selection process.

"SEI's experience and scalability were critical for us as we sought an outsourcing partner," said George Northrop, Vice President of Montag & Caldwell. "We had established some good name recognition in the European market as sub-advisor to a similarly managed fund of our former parent company, ABN AMRO. As we looked to establish our own fund, we needed someone that could help us set up quickly, cost effectively, and offer a truly integrated solution. We look forward to partnering with SEI on this and future initiatives."

"We are seeing more and more managers looking to UCITS as a means of achieving broad European distribution," said John Alshefski, Senior Vice President and Managing Director for SEI's Investment Manager Services division. "They are a terrific vehicle for distribution expansion, but firms must also understand the infrastructure and regulatory implications in order to successfully utilize them. We are pleased to help lead Montag & Caldwell through this important new expansion for their business."

About Montag & Caldwell, Inc.

Montag & Caldwell, established in 1945, serves a wide range of primarily institutional clients, mainly through its high quality US large cap growth strategy. The firm manages a relatively concentrated portfolio of between 30-40 names using a bottom-up approach focused on quality, sustainable earnings growth and valuation. Montag & Caldwell has been available to European investors as sub-advisor of the ABN AMRO US Equity Growth fund. David Watson acted as Portfolio Manager of that fund from 2001 and will continue as the lead manager of the new Dublin-based fund. The fund will be managed in a like manner to the flagship, US Large Cap Growth Strategy which includes the Aston Montag & Caldwell Large Cap Growth fund which it sub-advises in the US. As of December 31, 2008, the Atlanta, GA-based firm managed approximately $10 billion in assets.

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides total operations outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, separately managed accounts and institutional and private client services. The division applies operating services, technologies, and business and regulatory knowledge to each client's business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2008, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $431 billion in mutual fund and pooled assets and manages $162 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from more than 20 offices in over a dozen countries. For more information, visit www.seic.com.

    Company Contact:         Media Contact:
    Dana Grosser             Jason Rocker
    SEI                      Braithwaite Communications
    610-676-2459             215-564-3200 x 110
    dgrosser@seic.com        jrocker@braithwaitepr.com

SOURCE SEI

Released January 15, 2009