SEI Converts HSBC Private Bank (UK) to its Global Wealth Services Solution

Innovative solution redefines global wealth management capabilities for banks

LONDON, Aug. 6 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC), a leading global provider of outsourced asset management, investment processing and investment operations solutions, announced the successful launch of its Global Wealth Services solution through the conversion of its first external client, HSBC Private Bank (UK) (HSBC). This announcement comes on the heels of a nearly forty year track record of providing innovative client-centric technologies and outsourced infrastructure services that have significantly changed the way banks and wealth managers manage their business.

The conversion of this client represents a significant step towards commercial expansion of SEI's Private Banking business in the global marketplace. SEI developed this new solution to help banks transform their businesses into next-generation wealth management organisations; ones that are uniquely positioned to service the new wealthy in a global environment.

SEI's Global Wealth Services solution encompasses a comprehensive suite of services including holistic advice, client acquisition, client management, asset management, investment processing and infrastructure and business services management. This completely integrated offering provides banks with a comprehensive view of clients' financial holdings and objectives. At the heart of the solution lies the Global Wealth Platform (GWP) -- SEI's new straight through investment processing technology platform. To date, GWP is operating in twelve countries, transacting in nineteen currencies and trading on twelve exchanges -- all using straight through processing.

To provide continuing client support, SEI has established infrastructure in the UK, including operations and service capabilities. All relevant services are designed to be UK regulatory and tax compliant. Enhancements issued later this year are intended to comply with the Markets in Financials Instruments Directive (MiFID).

Commenting, Joseph P. Ujobai, Executive Vice President, Private Banking at SEI, said:

"The transformation of HSBC is a momentous occasion and a major milestone for our company. We believe that our Global Wealth Services offering will provide HSBC and other wealth managers with the infrastructure necessary to better capitalise on their strategic objectives in the rapidly changing wealth management market. Our new global investment processing solution is a strategic compliment to our growing asset management distribution business.

We've built the Global Wealth Services solution to help clients meet the key challenges facing wealth managers -- growing revenue, reducing cost and risk and leveraging resources. Our mission remains the same as it has throughout our company's history -- to help our clients succeed."

About SEI's Private Banks Segment

SEI's Private Banks business segment delivers investment management and investment processing services to private banks and wealth management organisations. SEI enables wealth managers to meet the rapidly evolving business and investment needs of their clients. SEI's solutions are designed to help their clients succeed by growing revenue, reducing cost and risk and leveraging resources. 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 June 30, 2007, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $407 billion in mutual fund and pooled assets and manages $199 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.

Many of our responses may be considered "forward looking statements" and include discussions about future operations, strategies and financial results. Forward-looking statements are based upon estimates and assumptions that involve risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe our assumptions are reasonable, they could be inaccurate. Our actual future revenues and income could differ materially from our expected results. We have no obligation to publicly update or revise any forward-looking statements.

Issued by:

This information is issued by SEI Investments (Europe) Limited, 4th Floor, Time & Life Building 1 Bruton Street , London W1J 6TL which is authorised and regulated by the Financial Services Authority.

    Contacts:
    Julie Allison/Sarah Caddy                Sapna Kandukuri
    Penrose Financial                        SEI
    0207 786 4872/4819                       0207 5183 606
    juliea@penrose.co.uk                     skandukuri@seic.com

SOURCE SEI

Released August 6, 2007