SEI Strengthens Global Footprint with New Strategic
Partnership in Asia
OAKS, Pa., March 7, 2019 /CNW/ -- SEI (NASDAQ: SEIC)
today announced the expansion of its existing asset management
relationship with BMO Financial Group (BMO) into the Asian market.
To enable distribution to accredited Asian investors, SEI has
registered 25 of its Dublin UCITS funds in Singapore. Last month, BMO launched a new
solution comprised of four risk-profiled Global Strategic
Portfolios (SPs) managed by SEI. These SPs provide multiple levels
of active management and diversification across six core asset
classes: equity, fixed income, inflation sensitive, liquidity,
absolute return and income. This news was previously announced on
SEI's fourth-quarter 2018 earnings call.
"We are thrilled to grow our strategic partnership with BMO.
Bringing our expertise in building and managing custom investment
solutions to Asia further supports
our strategy to provide best-in-class services and solutions to our
global clients," said Kevin Barr,
Executive Vice President of SEI and Head of the Investment
Management Unit and Asset Management Distribution Team. "We look
forward to expanding our presence in the Asian market as we
continue to serve the investors in this region and
globally."
SEI's new strategic partnership with BMO Private Bank Asia
builds upon an existing 21-year asset management relationship with
Bank of Montreal Nesbitt Burns (BMO NB) in Canada. BMO NB's Quadrant program is a
jointly-designed, white-label-supported mutual fund wrap program
that uses SEI's goals-based asset allocation advice and is
implemented via SEI's underlying Canadian Asset Class Funds.
Quadrant is available to over 1,300 BMO NB advisors and their
retail clients across Canada.
Additionally, BMO Wealth Management, an SEI client in the U.S.
since 2005, is currently on SEI's legacy platform, TRUST 3000®, and
will migrate their existing book of business to the SEI Wealth
PlatformSM in 2019.
"Our partnership with SEI will enable us to further enhance our
investment solutions to meet the needs of our private bank clients
in Asia," said Monique Chan, CEO of BMO Private Bank Asia. "BMO
has a longstanding relationship with SEI in North America, and we look forward to
expanding that collaboration to Asia."
About SEI's Asset Management Distribution Team
SEI's Asset Management Distribution Team provides customized
strategic partnerships enabling open-architecture investment
solutions aligned to end-investors' goals, supporting leading
financial service intermediaries globally. The group helps large
distributors in North America,
Europe and Asia implement a goals-based advice framework
that combines the behavioral finance approach pioneered by SEI with
the client's proprietary advice platform to create a distinct
end-client offering. SEI's Asset Management Distribution Team is a
part of the Private Banking business unit of SEI. For more
information, visit seic.com/amd.
About the SEI Wealth PlatformSM
The SEI Wealth Platform (the Platform) is an outsourcing solution
for wealth managers encompassing wealth processing services and
wealth management programs, combined with business process
expertise. With the Platform, SEI provides wealth management
organizations with the infrastructure, operations, and
administrative support necessary to capitalize on their strategic
objectives in a constantly shifting market. The SEI Wealth Platform
supports trading and transactions on 158 stock exchanges in 56
countries and 43 currencies, through the use of straight-through
processing and a single operating infrastructure environment. For
more information, visit: seic.com/wealthplatform.
About SEI
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading
global provider of investment processing, investment management,
and investment operations solutions that help corporations,
financial institutions, financial advisors, and
ultra-high-net-worth families create and manage wealth. As of
Dec. 31, 2018, through its
subsidiaries and partnerships in which the company has a
significant interest, SEI manages, advises or administers
$884 billion in hedge, private
equity, mutual fund and pooled or separately managed assets,
including $307 billion in assets
under management and $573 billion in
client assets under administration. For more information, visit
seic.com.
About BMO Financial Group and BMO Private Bank
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With
total assets of $765 billion as of
July 31, 2018, and a team of diverse
and highly engaged employees, BMO provides a broad range of
personal and commercial banking, wealth management and investment
banking products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets. BMO Private Bank is a division of BMO Wealth
Management. Banking and financial services are offered
through Bank of Montreal,
Hong Kong Branch and Singapore Branch.
SEI Investments Canada Company, a wholly owned subsidiary of
SEI Investments Company (SEI), is the Manager of the SEI Funds and
the SEI Portfolios, an asset allocation services, in Canada. Commissions, trailing commissions,
management fees and expenses all may be associated with mutual fund
investments. Please read the prospectus before investing. Mutual
funds are not guaranteed their values change frequently and past
performance may not be repeated.
Company/Media Contact:
Leslie Wojcik
SEI
+1 610-676-4191
lwojcik@seic.com
SOURCE SEI