Key Developments: SEI Investments Co (SEIC.O)
30.53USD
17 May 2013
$0.42 (+1.39%)
$30.11
$30.32
$30.58
$30.12
688,855
731,743
$30.58
$17.03
Latest Key Developments (Source: Significant Developments)
SEI Investments Co Declares Dividend Of $.16 per Share; Declares Special Dividend Of $.32 per Share
SEI Investments Co announced that it has declared a regular semi-annual dividend of $.16 per share, a $.01 increase compared to its last semi-annual dividend. The cash dividend will be payable to shareholders of record on December 21, 2012, with a payment date of December 28, 2012. Finally, SEI's Board of Directors also declared a one-time, special cash dividend of $.32 per share. This dividend will also be payable to shareholders of record on December 21, 2012, with a payment date of December 28, 2012. Full Article
SEI Investments Co Expands Long Term Relationship With Suntrust Banks Inc
SEI Investments Co announced that it has extended its multi-year strategic partnership with Suntrust Banks Inc through 2020. As part of the new agreement, SEI will now handle securities processing functions for SunTrust's Private Wealth Management business. Full Article
SERCO Selects SEI Investments Co And Ryland Gray To Manage End-Of-Service Benefits
SEI Investments Co and Ryland Gray announced that they have been appointed to manage the SERCO Offshore Retirement and Savings Scheme (SERCO) which represents the end-of-service benefits and employee contributions for SERCO's expatriate employees in the United Arab Emirates (UAE). SEI will provide a solution that combines global investment management and strategic advice, via SEI's globally-recognized Fiduciary Management service. Ryland Gray will continue to provide Dubai-based administration and scheme advisory services, which they have been delivering since the mid 1990s. This strategic partnership enhances the original scheme. Full Article
HSBC Private Banking Unit Renews Contract For SEI Investments Global Wealth Services
SEI Investments announced that the Company's initial client for its Global Wealth Services, HSBC Private Bank (UK), has signed an extension to their contract cementing their relationship with SEI through June 2015. The contract extension means that GWS will continue to power HSBC's UK Private Banking offering for three additional years. At the core of SEI's offering is its Global Wealth Platform (GWP), which provides HSBC with a single, scalable, and integrated wealth-management infrastructure to efficiently and actively manage client portfolios. Full Article
Estlander & Partners Selects SEI Investments To Provide Hedge Fund Outsourcing
SEI announced that it has been selected by Estlander & Partners to provide operational outsourcing services for the firm's hedge fund business. With a institutional investor base, Estlander sought an outsourcing partner with a institutional infrastructure as well as the ability to provide daily reconciliation to support the firm's systematic trading strategies. This is the latest in a series of wins for SEI as more investment managers seek premier outsourcing providers that can provide them with the transparency, insight and support to make better decisions, eliminate risk, and provide valuable, accurate and timely information. Full Article
SEI Investments Declares Dividend Of $0.15 per Share
SEI Investments announced that it has declared a dividend of $0.15 per share. The cash dividend will be payable to shareholders of record on June 18, 2012, with a payment date of June 26, 2012. Full Article
SEI Investments Extends Relationship With Key Capital To Include Private Equity Operations Outsourcing
SEI Investments announced that it has extended its relationship with Key Capital Investment Management Limited to include an operational outsourcing solution for the firm's private equity business. Key Capital's private equity offering is designed to provide family offices and high-net-worth private clients with exposure to a pre-identified list of Europe's private equity firms including Apax, Cinven, CVC, Equistone, and Permira. The extension of SEI's services is in recognition of the Company's cutting-edge technology, service model, and global reputation and presence. Under the agreement, SEI will provide a full range of services for Key Capital's private equity business including accounting, administration services, treasury, LP/investor servicing, Irish trustee and custodial services, data management, and performance reporting. Key Capital will also utilize SEI's Manager Dashboard tool, which provides managers with flexible, transparent, and aggregated views of their data across all their investment products and asset classes. Full Article
STW Fixed Income Management And Westfield Capital Management Selects SEI Investments To Provide Operations Outsourcing
SEI Investments announced that it has been selected by STW Fixed Income Management (STW) and Westfield Capital Management (Westfield) to provide full-service operational outsourcing through the Company's Advisors' Inner Circle Fund(R) (AIC) series trust offering. Full Article
SEI Selected To Provide Operational Outsourcing For New Turnkey ETF Platform Offered By Exchange Traded Concepts
SEI announced that it has been selected by Exchange Traded Concepts (ETC) to provide a comprehensive suite of back-office services for the firm's recently launched turnkey ETF platform. SEI will be the distribution and operational engine behind the ETC platform, which is designed to help investment managers enter the growing ETF market quickly without the large capital expenditure typically associated with building an institutional-quality infrastructure. Yorkville ETF Advisors, LLC will be the first firm to launch an ETF, the Yorkville High Income MLP ETF, on ETC's platform. SEI will provide operational outsourcing for Yorkville ETF Advisors, LLC and subsequent managers who launch on ETC's platform. SEI will also provide ETC with a complete outsourcing solution that includes back-office services such as fund administration, fund accounting, and investor servicing, and offer an index receipt agency and custody solutions. Leveraging off its significant market share, SEI will also provide distribution services, daily and monthly portfolio measurement, and authorized participant (AP) processing in a straight-through electronic processing environment. Full Article
SEI Investments Announces Acquisition Of Assets Of NorthStar Technology
SEI Investments announced that it has acquired assets of the technology firm NorthStar Systems International, Inc. in a move designed to quickly expand SEI's front-office capabilities across its Global Wealth Platform, the Company's new wealth processing platform. Terms of the transaction were not disclosed. Full Article
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