Under this agreement, SEI will continue to provide core processing and accounting systems as well as added services that assist with processing, to its private client and institutional businesses.
SunTrust has been an SEI client since 2005.
SunTrust executive vice president and head of Private Wealth Management and Institutional Investment Solutions Willem Hattink said SEI continues to provide with a solution designed to facilitate growth, while at the same time managing operational risk and reducing capital expenditure.
“They have demonstrated a strong willingness to work with us as a true partner and we use SEI as a benchmark for our other strategic partnerships,” Hattink said.
SEI’s Global Wealth Services is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, coupled with business process expertise.
The integrated offering provides wealth management organizations the infrastructure, operations and administrative support necessary to capitalize on their strategic objectives.
