SEI eyes processing for private banks

The multi-manager wants to introduce back- and middle-office services for the private wealth arms of banks in Asia.

Philadelphia-based SEI Investments is best known for being a manager of managers, a business model for institutional investors that it has pioneered in Asia ex-Japan over the past two years.

But the firm has another side to its business, which also goes back to its roots as a technology consultant to investors in the United States providing back- and middle-office processing for private banks.

Alfred West, CEO, says the firm is...

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