SOURCE: SEI

SEI

September 20, 2011 09:52 ET

SEI Selected by SpareBank1 Markets to Provide Outsourcing Services for UCITS Fund

Firm Leverages SEI's UCITS Expertise to Assist in Expanding Its European Reach

OAKS, PA--(Marketwire - Sep 20, 2011) - SEI (NASDAQ: SEIC) announced today that it has been selected by SpareBank1 Markets AS, a leading Nordic investment manager, to provide full fund administration and trustee and custodial services for its new Irish-registered UCITS fund.

SEI's expertise in supporting UCITS-compliant funds and its extensive range of scalable UCITS support services were key factors in SpareBank1 Markets AS' decision-making process. SEI is widely recognized for its market-leading technology, and the quality of its reporting capabilities brings enhanced functionality and insight to SpareBank1 Markets AS' operations.

SEI's comprehensive outsourcing solution encompasses fund administration, accounting, investor servicing, and Irish trustee and custody services. At the center of its solution is SEI's Manager Dashboard, which provides flexible, transparent, and aggregated views of data across multiple product lines from the fund or portfolio level down to the investment security level via the web. The scalability and adaptability of SEI's solutions allows for the long-term, consistent support of SpareBank1 Markets AS' requirements, and as ongoing developments in the UCITS framework continue to require evolving operational processes and reporting.

"We're pleased to be working with such a respected name in the Nordic market," said Phil Masterson, Senior Vice President and Head of Business Development, Europe, within SEI's Investment Manager Services division. "The fundamental strength of SEI's technology was core to this latest appointment by SpareBank1 Markets AS. We can deliver on their requirement for timely and transparent access to their data and, in doing so, enable the company to enhance internal decision-making as well as improve their investors' experience. We look forward to working with SpareBank1 Markets AS as it progresses on an already impressive growth trajectory."

"SEI operates a truly global model which offers significantly enhanced insight and transparency into our operations," said Nils Tore Eliassen, Head of Bank Distribution in SpareBank1 Markets AS. "SEI's integrated solution provides us with insight that is key for us to deliver an unrivalled service to our clients. Additionally, with UCITS IV regulations about to go into effect, SEI has enhanced their technology and processes to help us fulfill future requirements. We look forward to leveraging the benefits of SEI's world-class UCITS expertise."

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 by HFMWeek as "Most Innovative Fund Administrator (Over $30bn AUA)" and "Best Funds of Hedge Funds Administrator (Over $30bn AUA)" in both the US and Europe. Additionally, SEI has been recognized as "Service Provider of the Year" by the Money Management Institute, among other industry awards. For more information, visit http://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, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $430 billion in mutual fund and pooled assets or separately managed assets, including $180 billion in assets under management and $250 billion in client assets under administration. For more information, visit www.seic.com.

About SpareBank1 Markets AS
SpareBank1 Markets AS was established in October 2008 by The SpareBank1 alliance and current employees who have extensive experience from the Norwegian and international equity markets. The rationale for the establishment was the objective of SpareBank1 Gruppen to establish a majority owned securities firm and competence environment within advisory services, research and transactions.

SpareBank1 Markets AS has its headquarters in Oslo and a subsidiary broker business in London, SB Securities LLP. Since its establishment, the company has grown from 36 to 85 employees, and it is continuously expanding. As a part of the SpareBank1 alliance, Norway's second largest financial institution, SpareBank1 Markets AS is currently gaining a position as leading player in the Norwegian market.

SpareBank1 Markets AS business areas cover research, equity sales, debt capital, alternative investments and corporate finance.

Contact Information

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    SEI
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