|By Marketwired .||
|June 16, 2014 09:27 AM EDT||
OAKS, PA -- (Marketwired) -- 06/16/14 -- SEI (NASDAQ: SEIC) today announced that it received the 2014 Financial Technologies Forum News Innovation award for "Best Outsourcing Provider." The FTF Innovation Awards are given annually to celebrate and recognize the professionals, financial technology vendors, service providers, industry bodies, and regulators that have made significant strides and noteworthy achievements in operational excellence during the previous year.
An independent panel of judges nominated SEI for a number of significant developments made over the past year. Judges highlighted enhancements to SEI's proprietary online Manager and Investor Dashboards, which support more detailed, transparent, and customizable views, resulting in greater insights for asset managers and their investors. SEI was also recognized for other key technology upgrades, including those that help streamline managers' back- and middle-office investment operations. After nominations were announced, the final decisions were based on votes from industry peers, clients, and other industry professionals.
"To be recognized as the best outsourced provider in our industry is a significant achievement of which we are extremely proud," said Stephen G. Meyer, Head of SEI's Investment Manager Services division, Executive Vice President of SEI Corporation. "With the increasing demands of investors and the market environment, we are seeing managers tasked with navigating a new operational frontier, one where operational capabilities are front and center. Understanding this, and striving to provide innovative solutions to the buy-side, we have been investing in our operational platform on an on-going basis. This award is a validation of those efforts, and reaffirms our commitment to being a valued partner for our clients."
Award recipients will be honored at a gala dinner on June 16 on the Hornblower Infinity Yacht in New York Harbor. SEI was also shortlisted in two other categories: "Best Reporting Solution" for its Manager Dashboard and "Best Middle Office Solution."
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 as a Top Rated Fund Administrator by Global Custodian, as well as "Best Outsourcing Provider" from FTF News, "Best Administrator - Client Service" by CTA Intelligence, "Best Fund Administrator" by Buy-Side Technology, and "Most Innovative Fund Administrator" (Over $30B AUA) for hedge funds in the U.S. and in Europe by HFMWeek. For more information, visit www.seic.com/ims.
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2014, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $582 billion in mutual fund and pooled or separately managed assets, including $239 billion in assets under management and $343 billion in client assets under administration. For more information, visit www.seic.com.