SEI Selected by Johnson Bank of Wisconsin for Wealth Management Services
Long-Standing Client Extends Valuable Strategic Partnership
OAKS, Pa., Nov. 27 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) announced today that Johnson Bank has renewed its multi-year agreement with the company and as part of the agreement, SEI will continue to have operational responsibility for trust accounting and processing and other operational functions to the bank.
Johnson Bank has been an SEI client for more than ten years.
"We are focused on creating deep and trusting client relationships through superior service; to that end, SEI's strategic vision aligns perfectly with ours," said Brian Lucareli, Senior Vice President for Johnson Bank. "SEI's innovations and ability to deliver straight-through business processes continues to allow us to increase our efficiency and focus on what we do best: serve our clients."
SEI will also be providing a full suite of browser-based applications for customer administration, performance reporting, as well as institutional and private client account access and open architecture tools.
"Johnson Bank is a long-standing and valued client and we're extremely pleased to assist them in providing optimum value for their customers," said David Campbell, Senior Vice President of SEI's Private Banking business. "This has been a great relationship and we look forward to it continuing."
About Johnson Bank
Johnson Bank and Johnson Insurance are part of Johnson Financial Group, part of Johnson Financial Group, a premier financial services company offering comprehensive financial solutions in the areas of banking, trust, insurance, investment management and leasing. The $4.7 billion financial services company has operating companies in Wisconsin, Arizona and Europe. Principal owners of Johnson Financial Group are members of the Samuel C. Johnson family. Helen Johnson-Leipold is Chairman of Johnson Financial Group and Chairman, Chief Executive Office and Chairman of the Board of Johnson Outdoors Inc. in Racine, Wisconsin. For more information visit www.johnsonbank.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 September 30, 2007, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $423 billion in mutual fund and pooled assets and manages $202 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 John Miller 610.676.2459 215.564.3200x14 dgrosser@seic.com jmiller@braithwaitepr.com
SOURCE SEI
Released November 27, 2007