Close Brothers Asset Management (CBAM) has announced that it will adopt the SEI Wealth PlatformSMand SEI Data Cloud, a fully-integrated technology, data and operational outsourcing solution that enables organisational transformation and the digitisation of the wealth management experience.
CBAM chose SEI following a comprehensive, multi-stage selection process involving several providers. The strategic partnership with SEI marks a move to integrated market-leading technology which will enable CBAM to deliver its strategic objectives, and to be the best place in the UK for wealth management professionals and their clients.
Alongside the SEI partnership, CBAM will also adopt Objectway’s Portfolio Management Solution, and outsource order execution activities to Winterflood Business Services (WBS).
A number of CBAM employees will join SEI’s SWP operations team as part of the agreement. SEI and CBAM will work closely to ensure a smooth and successful transition.
CBAM’s COO Gregg Clarke said: “Our new partnership with SEI marks an important moment for CBAM. The adoption of the SEI Wealth Platform enables us to deliver on our growth strategy, and expand upon our proposition whilst having complete confidence that high-quality service levels will be maintained for our clients. After a thorough selection process, it was clear that CBAM and SEI are both culturally and technologically aligned. SEI understands our business and is committed to partnering with us, alongside our new WBS and Objectway partnerships, to help us achieve our strategic objectives. We are committed to working closely with SEI to ensure the positive transition of our colleagues to the SEI team, which is a critical success factor for this project.“
Jim London, CEO of SEI Investments Europe Limited, said: “CBAM is a leading UK wealth manager dedicated to delivering an end-to-end, modern wealth management experience for their clients. We’re thrilled to partner with CBAM and to provide access to the full breadth of SEI’s integrated technology, data and operations solutions that can help them achieve their growth aspirations.
“Our team of experts and client-centric approach are at the core of our best-in-class solutions and service, and we look forward to welcoming some of CBAM’s valued talent to the SEI team as we power the future of wealth.”
