SEI to provide middle-office services for Credit Suisse
19 June 2012 Pennsylvania
Image: Shutterstock
SEI will provide Credit Suisse's asset management division with middle-office services for the firm's municipal bond portfolios.
These will include 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.
"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 of SEI's investment manager services division.
These will include 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.
"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 of SEI's investment manager services division.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
