SEI to Provide Global Wealth Services for San Antonio-Based Frost

Frost An Early Adopter of SEI's Innovative Solution for Global Wealth Management Services

OAKS, Pa., Feb. 1 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC), announced today that it will transition Frost, a subsidiary of Cullen/Frost Bankers, Inc., (NYSE: CFR) to SEI's innovative Global Wealth Services solution. SEI's new solution provides Frost, a financial institution with $24.2 billion in trust assets, with a broad set of wealth management services that will allow the bank to offer a more proactive relationship-centric experience to their clients and address the growing complexities of the global financial markets. Frost, a client of SEI for 18 years, is one of the first U.S. adopters of SEI's Global Wealth Services solution.

"For almost two decades, SEI has been a valued and forward-thinking strategic partner," said Richard Kardys, Group Executive Vice President for Frost Bank. "SEI's enhanced Global Wealth Services solution aligns well with our way of doing business. We know from our past experience with SEI that their innovative culture and support of our clients' needs will help us achieve our long-term growth and profitability initiatives."

SEI's Global Wealth Services offering encompasses a comprehensive suite of services and provides wealth management organizations with a holistic view of clients' objectives and financial holdings. Today, the Global Wealth Services solution processes private banking business in twelve countries, transacts in twenty-seven currencies and trades on fifty-three exchanges all using straight-through processing. The integrated offering will provide Frost the infrastructure necessary to capitalize on their strategic objectives in the constantly shifting wealth management market.

"We've developed Global Wealth Services to help banks transform their businesses into next-generation wealth management organizations by allowing them to focus on growing revenue while minimizing cost, enabling risk management and allocating capital more effectively. Frost is uniquely positioned to serve the new wealthy in their marketplace, and their adoption of Global Wealth Services will move them forward in that initiative," said Joseph Ujobai, Executive Vice President of SEI's Private Banking business. "We're very excited that they've chosen to be an early adopter of Global Wealth Services, and we look forward to helping them grow their business."

Frost Bank joins additional SEI Global Wealth Services early adopters including Centier Bank, a privately-held bank in Indiana, and HSBC Private Bank in Great Britain.

About Frost Bank

Frost is the banking subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company headquartered in San Antonio, with assets of $13.2 billion and $24.2 billion in trust assets at September 30, 2007. The corporation provides a full range of business and consumer banking products, investment and brokerage services, insurance products and investment banking services. Frost operates more than 100 financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost is one of the largest banking organizations headquartered in Texas, with a legacy of helping Texans with their financial needs during three centuries. For more information, visit www.frostbank.com.

About SEI's Private Banks Segment

SEI's Private Banks business segment delivers investment management, investment processing and trading services to private banks and wealth management organizations. SEI enables wealth managers to meet the rapidly evolving business and investment needs of their clients by helping them grow revenue, reduce cost and risk and manage capital. SEI's solutions are used by over 290 clients in 9 countries. For more information, visit http://www.seic.com/banks/.

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 December 31, 2007, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $426 billion in mutual fund and pooled assets and manages $197 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                         Elisabeth Behr
    610.676.2459                         215.564.3200x113
    dgrosser@seic.com                    ebehr@braithwaitepr.com

SOURCE SEI

Released February 1, 2008