9 Aug 2010
SEI has announced that it has been selected by Aviva Investors North America to provide full-service fund operations outsourcing for the firm’s recently created mutual fund offering. The scalability and turnkey nature of SEI’s offering were particularly important to Aviva Investors, allowing it to focus on institutional investment management while expanding its mutual fund product offering.
The outsourcing services will be implemented through SEI’s Advisors’ Inner Circle series trust. This turnkey solution allows investment managers, such as Aviva Investors, to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.
SEI’s comprehensive solution encompasses mutual fund administration, accounting, investor servicing, and distribution services. In addition, Aviva Investors benefits from SEI’s distribution support model that gives the firm faster access to a broad range of intermediary firms and platforms. SEI has more than 175 relationships, which allow its investment manager clients to increase the speed at which their funds are available for sale on platforms and with intermediary firms.
The outsourcing services will be implemented through SEI’s Advisors’ Inner Circle series trust. This turnkey solution allows investment managers, such as Aviva Investors, to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.
SEI’s comprehensive solution encompasses mutual fund administration, accounting, investor servicing, and distribution services. In addition, Aviva Investors benefits from SEI’s distribution support model that gives the firm faster access to a broad range of intermediary firms and platforms. SEI has more than 175 relationships, which allow its investment manager clients to increase the speed at which their funds are available for sale on platforms and with intermediary firms.
"As Aviva Investors looked to enter the US mutual fund market, they needed a strategic partner that had the capabilities to accommodate the firm’s tremendous potential,” said John Alshefski, Senior Vice President, SEI’s Investment Manager Services division. “In outsourcing to SEI, Aviva Investors is able to leverage our comprehensive, proven solution. This allows the firm to focus on building new products as part of their global asset management business. We’re very pleased to work with Aviva Investors as part of this initiative.”
Rob Ranges, Head of Business Development for Aviva Investors North America, said “SEI’s platform was the best solution to support our plans to grow our mutual fund offering in North America. SEI’s scalable solution allows us to concentrate on portfolio management and client relationships instead of creating our own back office infrastructure. That means we can focus on growing our mutual fund business, with SEI as an important strategic partner.”
