Global wealth services company SEI has announced its wealth management systems and solutions platform has gone ‘live' with Northern Bank.
SEI was taken on by Northern Bank back in 2011. The latest operational conversion means that Northern Bank’s discretionary business now incorporates SEI’s investment processing, order management, and client servicing solutions.
As a wholly owned subsidiary of Danish bank Danske, Northern Bank, offers a full range of banking services to personal, business, and corporate customers. SEI says its strategic partnership means that the bank can “enhance its client experience, promote its services and products in the intermediary market, establish a foundation for future growth, and offer clients access to more efficient wealth management services.”
In particular, SEI’s role is to support Northern Bank’s operating model, including the underlying platform and practices that drive its wealth planning and asset management activities. The core of this support lies in SEI's Global Wealth Platform (GWP), which provides Northern Bank with a single, integrated wealth management infrastructure to manage client portfolios. This platform supports trading and transactions on 102 stock exchanges in 46 countries and 33 currencies, all using straight-through processing.
Jeremy Stewart, General Manager Private Banking and Wealth Management, Northern Bank, said, “We were looking for a strategic partner who could springboard the re-launch of our Wealth Planning and Asset Management offering. SEI’s Global Wealth Services has the scalability and flexibility to accommodate our current and future needs. By outsourcing investment-processing services to SEI we will be able to navigate and adapt to an ever-changing market. Additionally, we will be able to focus on servicing our clients and growing our business.”
Anita Juneja has been appointed Relationship Director, Global Wealth Services (GWS). She will be responsible for maintaining and growing strategic partnerships between SEI and its clients, leading implementation of the GWS solution within the client’s business, supporting the GWS sales team, and helping to manage and develop SEI’s GWS team.
Anita brings with her over 15 years of experience in client service and sales management, specifically within mutual fund and platform organisations. Prior to joining SEI, Anita was head of strategic relationships for Close Brothers Asset Management in London.
SEI has recent established strategic partnerships with Premier Asset Management and ARIA.
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