OAKS, PA--(Marketwire -06/18/12)- SEI (SEIC) today announced an agreement with Credit Suisse's Asset Management division to provide a comprehensive suite of middle-office services for the firm's municipal bond portfolios.
Under the agreement, SEI provides Credit Suisse's Asset Management division with a full range of middle-office services including fixed-income analytics, trade processing, investment accounting, end-client invoicing and reporting, as well as amortization and updated portfolio positions and pricing. SEI also provides daily security reference and position data to support Credit Suisse Asset Management's order-management system as well as their internal data warehouse. Additionally, Credit Suisse's Asset Management division will access comprehensive data management, performance, and risk reporting for all middle-office services performed by SEI via SEI's online Manager Dashboard.
Nigel Hill, Global Head of Liquid Investments Operations in Credit Suisse's Asset Management division, said, "Aligning our middle-office servicing with SEI gives us the opportunity to enhance our daily operations and the services we provide to our growing municipal bond client base."
"We're seeing more and more firms look to outsourcing, not only as a means of gaining efficiencies and technology, but as a way to gain access to timely and accurate information that can better inform critical investment decisions," said John Alshefski, Senior Vice President, SEI's Investment Manager Services division. "We've spent a tremendous amount of time and resources building the type of infrastructure and processes managers would ideally like to have. We look forward to supporting the goals of Credit Suisse's Asset Management division, and continuing to strengthen the great relationship we've established."
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 by Buy-Side Technology as "Best Fund Administrator," by Hedge Funds World Middle East as "Best Service Provider" and by HFMWeek as "Best Single Manager Hedge Fund Administrator (Over $30B AUA)" in the U.S. and "Best Administrator - Technology Provider" in Europe. For more information, visit www.seic.com/ims.
SEI (SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit www.seic.com.
About Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,700 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
About Credit Suisse's Asset Management Division
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.