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Komfie Manalo, Opalesque Asia: Global provider of investment processing and investment management SEI has acquired Archway Technology Partners, further establishing the company as a player in the family office segment, addressing additional verticals, including institutions, investment advisors, private banks, hedge funds, and private equity funds.
Archway Technology Partners, LLC, is a major provider of operating technologies and services to the family office industry and the institutions who service that market.
"This announcement represents a modest shift in SEI's long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise," said Alfred P. West, Jr., chairman and CEO of SEI. "Archway's stellar reputation in the family office industry, market-leading solutions, and talented, client-oriented employees make them a valuable addition to SEI, and we look forward to welcoming the Archway team into our culture and company."
"Archway's specialized technologies and deep knowledge of the private wealth services industry give us a more powerful, differentiated solution to a $7 trillion global family-office market that has been underserved by legacy service providers," said Steve Meyer, executive vice president of SEI and Head of SEI's Investment Manager Services division. "SEI's operating solutions...................... To view our full article Click here
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