SEI signs wealth management deal in Kuwait

KUWAIT (Reuters) - U.S. asset management firm SEI Investments Co. (SEIC.O) has signed a partnership deal with Commercial Bank of Kuwait (CBKK.KW) to offer wealth management services as it expands in the Gulf Arab region.

SEI, which began operations in Dubai last year, will help manage the assets of wealthy clients at Kuwait's third largest bank by market value, both firms said on Monday.

Jahangir Aka, SEI's senior executive officer, declined to say how many clients the firm was targeting in the OPEC oil exporter.

(Reporting by Eman Goma, Editing by Ulf Laessing and Lin Noueihed)