SEI Recognized at NOVA Awards for Innovations in Fund Operations
Industry-Leading ETF Platform Highlighted for Efficiency,
OAKS, PA -- (Marketwired) -- 10/01/13 -- SEI (NASDAQ: SEIC) today
announced that it was recognized for "Innovations in Back Office
Efficiencies" at the 2013 NOVA Awards, sponsored by Money Management
Executive and the National Investment Company Service Association.
The judging panel specifically highlighted SEI's fully-automated ETF
order-taking platform for authorized participants, which optimizes
speed and efficiency in a web-based environment.
"We are honored to be acknowledged by industry leaders for our
ongoing commitment to innovative solutions in fund operations," said
John Alshefski, Senior Vice President and Managing Director of SEI's
Investment Manager Services division. "By incorporating the right
blend of technology, expertise, and market knowledge, we have been
able to increase transparency and reduce the potential for error. We
are proud that our ETF platform has been recognized for the ease of
use and operational efficiencies it brings to our clients."
SEI offers a comprehensive suite of global operational outsourcing
solutions, including back- and middle-office services that support
all major asset types, strategies, and structures. The company's ETF
order-taking platform incorporates straight-through processing, which
helps investment managers manage risk and make their business models
more nimble, scalable, and efficient. SEI currently services assets
representing 43 percent of the U.S. ETF market.
About SEI's Investment Manager Services Division
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 as Top Rated
by Global Custodian, as "Best Outsourcing Provider to the Buy Side"
and "Best Fund Administrator" by Buy-Side Technology and "Most
Innovative Fund Administrator (Over $30B AUA)" in the U.S. for hedge
funds and "Best Administrator - Technology Provider" in Europe by
HFMWeek. For more information, visit www.seic.com/ims.
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, 2013, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $507 billion in mutual fund and
pooled or separately managed assets, including $204 billion in assets
under management and $303 billion in client assets under
administration. For more information, visit www.seic.com.
+1 215-564-3200 x 110
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