SOURCE: SEI

SEI

October 01, 2013 09:00 ET

SEI Recognized at NOVA Awards for Innovations in Fund Operations

Industry-Leading ETF Platform Highlighted for Efficiency, Transparency

OAKS, PA--(Marketwired - Oct 1, 2013) - SEI (NASDAQ: SEIC) today announced that it was recognized for "Innovations in Back Office Efficiencies" at the 2013 NOVA Awards, sponsored by Money Management Executive and the National Investment Company Service Association. The judging panel specifically highlighted SEI's fully-automated ETF order-taking platform for authorized participants, which optimizes speed and efficiency in a web-based environment.

"We are honored to be acknowledged by industry leaders for our ongoing commitment to innovative solutions in fund operations," said John Alshefski, Senior Vice President and Managing Director of SEI's Investment Manager Services division. "By incorporating the right blend of technology, expertise, and market knowledge, we have been able to increase transparency and reduce the potential for error. We are proud that our ETF platform has been recognized for the ease of use and operational efficiencies it brings to our clients."

SEI offers a comprehensive suite of global operational outsourcing solutions, including back- and middle-office services that support all major asset types, strategies, and structures. The company's ETF order-taking platform incorporates straight-through processing, which helps investment managers manage risk and make their business models more nimble, scalable, and efficient. SEI currently services assets representing 43 percent of the U.S. ETF market. 

About SEI's Investment Manager Services Division
SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to support investment managers globally across a range of registered and unregistered fund structures, diverse investment strategies and jurisdictions. With expertise covering traditional and alternative investment vehicles, the division applies customized operating services, industry-leading technologies, and practical business and regulatory insights to each client's business objectives. SEI's resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recently recognized as Top Rated by Global Custodian, as "Best Outsourcing Provider to the Buy Side" and "Best Fund Administrator" by Buy-Side Technology and "Most Innovative Fund Administrator (Over $30B AUA)" in the U.S. for hedge funds and "Best Administrator - Technology Provider" in Europe by HFMWeek. For more information, visit www.seic.com/ims.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $507 billion in mutual fund and pooled or separately managed assets, including $204 billion in assets under management and $303 billion in client assets under administration. For more information, visit www.seic.com.

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