SOURCE: SEI

SEI

May 24, 2012 09:00 ET

SEI Selected by ORIX Investment Corporation to Provide Middle- and Back-Office Outsourcing

SEI's Middle-Office Services and Technology Support for High-Frequency Trading Key Factors in Firm's Decision

OAKS, PA--(Marketwire - May 24, 2012) - SEI (NASDAQ: SEIC) today announced that it has been selected by ORIX Investment Corporation (OIC) to provide a complete back- and middle-office outsourcing solution for the firm's hedge-fund business. OIC sought to outsource its back- and middle-office functions to gain greater operational efficiencies while focusing its internal resources on core client service and investment functions. The selection is the latest in a series of recent wins for SEI, further extending its leadership position in the investment-outsourcing space.

Under the agreement, SEI will provide OIC with a full range of middle- and back-office services including fund accounting and administration, trade processing and administration, investment accounting, investor reporting, risk and attribution, and collateral-management services. SEI will provide its services in a straight-through processing environment with an automatic reconciliation tool designed specifically for reconciling high transaction volumes with CTAs and brokerage firms.

"Having worked with SEI in the past, we know their technology and service are second to none and that made this decision easy," said Yuji Takenaga, Senior Vice President of OIC. "In this environment, it's more important than ever to find efficiencies and use our resources where they matter most in our business. We trust in the expertise of SEI's team and outsourcing our back- and middle-office services to SEI gave us a more streamlined and competitive operational infrastructure. That means we can focus on doing what we do best, which is managing investments and servicing clients."

"Managers are increasingly becoming more comfortable in outsourcing key middle-office functions to us as they realize how our award-winning technology and operational best practices can drive automation, reduce risk, and enable greater transparency," said Philip Masterson, Senior Vice President and Managing Director, SEI's Investment Manager Services division. "We've spent a tremendous amount of time and resources investing in our back- and middle-office platform and expanding our capabilities. We're pleased that OIC is using us as a strategic partner to help them create a more streamlined operational infrastructure and achieve their business goals."

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 Buy-Side Technology as "Best Fund Administrator," by Hedge Funds World Middle East as "Best Service Provider" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator - Technology Provider" in Europe. 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 March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit www.seic.com.

About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is an integrated financial services group based in Tokyo, Japan, providing innovative value-added products and services to both corporate and retail customers. With operations in 27 countries and regions worldwide, ORIX's activities include corporate financial services, such as leases and loans, as well as automobile operations, rental operations, real estate, life insurance, banking and loan servicing. For more information, visit http://www.orix.co.jp/grp/en/

About ORIX Investment Corporation
ORIX was one of the pioneers to recognize the potentiality of alternative investment with special emphasis on commodities trading advisor ("CTA"). ORIX made a strategic alliance with Commodities Corporation ("CC") in 1989 and established a joint venture company with CC in January in 1990. It became a wholly owned subsidiary named ORIX Investment Corporation, as it is now, at the acquisition of CC by Goldman Sachs in 1997. For more information, visit http://www.orix.co.jp/investment/en/index.htm.