SEI Investments Forms Strategic Alliance with Close Brothers Asset Management

Deal News | Nov 06, 2024 | SEI Investments Management Cor

SEI Investments Forms Strategic Alliance with Close Brothers Asset Management

SEI Investments Management Corporation has entered a strategic partnership with Close Brothers Asset Management, aimed at enhancing technological and operational outsourcing capabilities. This collaboration seeks to drive scale and growth for both firms by integrating SEI's technology and operations expertise with Close Brothers' wealth management services. The partnership is set to streamline operations and improve service delivery, offering an innovative solution to meet increasing client demands in the asset management industry. The strategic alliance reflects a trend towards collaboration in the finance sector to leverage technological advancements for competitive advantage.

Sectors

  • Asset Management
  • Technology

Geography

  • United States – SEI Investments Management Corporation is based in the United States.
  • United Kingdom – Close Brothers Asset Management is based in the United Kingdom, making this an international partnership.

Industry

  • Asset Management – The partnership between SEI and Close Brothers is centered around enhancing asset management capabilities through technology and operational outsourcing.
  • Technology – The deal emphasizes the role of advanced technology and data management in operational outsourcing and efficiency improvements.

Financials

    Participants

    NameRoleTypeDescription
    SEI Investments Management CorporationPartnerCompanySEI provides investment processing, management, and operations solutions, and is leading the partnership with Close Brothers.
    Close Brothers Asset ManagementPartnerCompanyA UK-based company offering wealth management services, working with SEI to enhance its operational and technological capabilities.