SEI Selected by Robeco Investment Management to Provide SMA Outsourcing Solution
Deal Marks Firm's Continued Growth in Separate Account Space
OAKS, Pa., Feb. 20 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC), a leading global provider of outsourced asset management, investment processing and investment operations solutions, today announced that it has been selected by Robeco Investment Management to provide an operations outsourcing solution for the firm's recently launched separate account business. The deal is the latest in a series of high profile SMA outsourcing wins for SEI and marks the firm's continued emergence as a market leader in the space.
Under the agreement, SEI will provide Robeco with a fully outsourced, customized solution centering on business processes, account administration, reconciliation and reporting. In addition to streamlining administrative functions through electronic workflow and web-accessed real-time account information, the SEI solution enables managers to meet widely varying requirements of non-standardized sponsor platforms, with an ongoing focus on compliance and documentation. SEI was selected in an open bid process among some of the most recognizable providers in the space.
"We're looking to aggressively grow our business and we're confident SEI is the partner to help us get there," said Richard Hein, Principal at Robeco Investment Management. "Not only do they have a proven track record of success but they've shown a tremendous ability to implement new accounts quickly and efficiently."
"We're pleased to be chosen by another large institutional firm like Robeco," said John Alshefski, Head of Business Development for SEI's Investment Manager Services division. "Our robust platform is ideally suited to accommodate the complex processing needs of Robeco and we look forward to helping them achieve their aggressive growth targets and ongoing business and service goals now and in the future."
About Robeco Investment Management
Robeco Investment Management is the U.S. asset management arm of global fund manager Robeco Group, headquartered in the Netherlands, with assets of approximately $187 billion, globally. The Robeco Investment Management platform is comprised of three divisions: Robeco Boston Partners, Robeco Sage and Robeco Weiss, Peck & Greer. Products include US equity, US fixed income, fund of hedge funds and alternatives. Additionally, the firm offers global and international equity, including emerging markets, and fixed income products through its European affiliates. For more information, please visit http://www.robecoinvest.com.
About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides total operations outsourcing solutions to investment managers focused on mutual funds, hedge and private equity funds, separately managed accounts and institutional 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 the period ending December 31, 2006, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $366.6 billion in mutual fund and pooled assets and manages $181.5 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 http://www.seic.com.
Contact: Larry Wexler Jason Rocker
Company: SEI Braithwaite Communications
Voice: 610-676-1440 215-564-3200 x 10
E-mail: lwexler@seic.com jrocker@braithwaitepr.com
SOURCE SEI
Released February 20, 2007