SEI Investments, the global provider of asset management and investment technology solutions, announced it has renewed a long-term contract with Banc One Investment Management Group, the investment arm of Bank One Corporation and one of the nation’s leading providers of investment management and investment-related services. Under the new agreement, SEI will continue to provide its comprehensive investment processing and trust accounting system, allowing Banc One Investment Management Group to be better positioned for scalable future growth.
Since 1991, SEI Investments has expanded its relationship with Banc One Investment Management Group, which has continually used an increasing number of SEI’s full suite of investment processing applications, including middle office workstations and front-office Web-access for investment clients. Most recently, Banc One Investment Management Group began using SEI’s integrated SWIFT Messaging Platform.
David Kundert, Chairman and CEO of Banc One Investment Management Group, said, “We undertook an extensive due diligence process, reviewing both our technology and business-line requirements, as well as SEI’s ability to continue to serve our growth strategy. We found that SEI’s offering continues to be the most cost effective and best solution to meet our large-scale processing and STP/T+1 readiness needs.”
Bob Van Kirk, Senior Managing Director of Fiduciary Operations, explained, “One of our key issues was that the solution provider had to understand our business as well as our technology needs. Choosing SEI again reflects our belief that they understand our requirements and where we want to go.”
David Campbell, SEI Senior Vice President, Private Banking & Trust, commented, “SEI is pleased to complete this major agreement with Banc One Investment Management Group, and to embark on the next phase of our long-term relationship. They have always been recognized as an investment management innovator, and we are thrilled to continue our excellent relationship with them.”
Robert Crudup, SEI Executive Vice President, Private Banking & Trust, added, “Our vision is to bring financial wellness through value-added business solutions to our clients. In order to do that, we work very hard to understand our clients’ businesses, and to build strong relationships and support plans for them. Banc One Investment Management Group’s choice to renew its relationship with SEI is very gratifying, and we look forward to continuing our service to them as one of our most important and prestigious partners.”