SEI Investments and CBAM announce partnership

Close Brothers Asset Management, or CBAM, and SEI announced a strategic partnership to power CBAM’s operational transformation and growth. CBAM will adopt the SEI Wealth PlatformSM (SWP) and SEI Data Cloud, which provides access to real-time data and analytics to leverage a fully integrated technology and operational outsourcing solution. CBAM, which manages approximately GBP20B in assets, chose SEI following a comprehensive, multi-stage selection process involving several providers. The strategic partnership between CBAM and SEI Investments (SEIC) Europe, SEI’s wholly-owned UK subsidiary, will deliver integrated market-leading technology and services, including data integration, migration, and orchestration, which will enable CBAM to deliver on their strategic objectives. A number of CBAM employees will also join SEI’s SWP Operations team as part of the agreement, and SEI and CBAM will work closely to ensure a smooth and successful transition.