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 interested in bringing this aspect of its business to Asia, and will use 2006 to study the market in detail and come up with implementation strategies.

West emphasizes this isn't the...

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