SEI Investments has won a long-term renewal contract with Banc One Investment Management Group for the provision of its investment processing and trust accounting system.
The agreement includes the use of middle office workstations and front office Web access for investment clients, as well as SEI's integrated Swift messaging platform.
David Kundert, chairman and CEO of Banc One Investment Management Group, says the bank undertook an extensive review of its technology and business requirements. "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," says Kundert.