SEI's Enhanced Bank Loan Outsourcing Services Deliver Integrated, Automated Loan Data and Middle-Office Processing

By Sei, PRNE
Wednesday, January 6, 2010

SEI Leverages Advent's Geneva(R) and Virtus Partners Data Services for Greater Efficiencies and Enhanced Client Reporting

DUBAI, United Arab Emirates, January 7 - SEI (Nasdaq: SEIC) today announced that it is enhancing its bank loan
operational outsourcing solution by leveraging new technologies that increase
loan processing automation and incorporate in-depth independently-sourced
data. The new functionality is delivered through Geneva, Advent Software's
portfolio management and fund accounting solution. Advent recently entered
into an agreement with Virtus Partners, LLC to integrate Geneva with Virtus'
bank loan data offering. Through this relationship, SEI clients gain access
to automated loan data feeds from Virtus, which can be electronically posted
directly into Geneva via a standard integration tool developed by Advent and
Virtus. This helps SEI maximise efficiency and utilise straight through
processing of loan data within its operations.

SEI has been supporting bank loan clients since 2002, and is one of the
industry's largest outsourcers to managers who invest in syndicated bank
loans. SEI is an early adopter of the Virtus interface into Geneva, and
believes this will improve data tracking and facilitate faster portfolio
onboarding. Additionally, SEI has engaged NorthPoint Solutions, a premier
business consultancy focused on the alternative investment sector, to ensure
that industry best practices are applied to its processes, controls and
output as part of this enhancement.

The enhancement to SEI's existing platform includes the implementation of
Advent Geneva's bank loan functionality in conjunction with Virtus'
comprehensive bank loan database, by integrating a centralised loan data feed
directly into one of the industry's most robust processing and accounting
platforms. As part of the solution enhancement, SEI is offering a specialised
set of reports that enable clients to gain bank loan-specific details and
also, through integration with other asset classes, a consolidated portfolio
view across all holdings. At this time, SEI is also implementing a
multi-billion dollar beta client onto the platform.

"With Geneva and its new Virtus interface, we will further automate our
bank loan processing capability and gain access to one of the industry's
leading sources of bank loan data," said Phil McCabe, Senior Vice President
and Solution Head, SEI's Investment Manager Services division. "We're very
pleased to be one of the first fund outsourcers to take advantage of Advent
and Virtus' new relationship, and to deliver such a valuable solution to the
market. SEI has an ongoing philosophy of implementing and integrating
best-in-class technologies to deliver industry-leading solutions for our
clients. Clients will now have access to higher quality data, greater
efficiency, and the increased operational risk mitigation that is so critical
in today's environment."

"With this new offering, we have three centers of excellence all coming
together to provide a world-class solution for bank loan processing," said
Robert Tomicic, Partner, Virtus Partners. "It is clear that SEI has a history
of expertise in handling bank loans, Geneva has one of the pre-eminent
investment processing platforms, and we've got an industry-leading base of
specific experience, industry knowledge, and detailed bank loan data. We're
proud to be a part of this collaboration."

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides total operations
outsourcing solutions to global investment managers focused on mutual funds,
hedge and private equity funds, exchange traded funds, collective trusts,
separately managed accounts and institutional and private client services.
The division applies operating services, technologies, and business and
regulatory knowledge to each client's business objectives. Its resources
enable clients to meet the demands of the marketplace and sharpen business
strategies by focusing on their core competencies. The division has been
recognised by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek
as "Best Funds of Hedge Funds Administrator." For more information, visit
www.seic.com/enUK/investment-managers.htm.

About SEI

SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset
management, investment processing and investment operations solutions. The
company's innovative solutions help corporations, financial institutions,
financial advisors, and affluent families create and manage wealth. As of
September 30, 2009, through its subsidiaries and partnerships in which the
company has a significant interest, SEI administers US$383 billion in mutual
fund and pooled assets and manages US$156 billion in assets. SEI serves
clients, conducts or is registered to conduct business and/or operations,
from numerous offices worldwide. For more information, visit
www.seic.com.

Advent, Advent Software and Geneva are registered trademarks of Advent
Software, Inc. All other company names or marks mentioned herein are those of
their respective owners.

Services provided by SEI Investments - Global Fund Services Limited (Reg.
in Dublin No. 424309), SEI Investments Trustee & Custodial Services (Ireland)
Limited (Reg. in Dublin No. 315393), and their affiliates, which are all
wholly owned subsidiaries of SEI Investments Company.

SEI Investments - Global Fund Services Limited and SEI Investments
Trustee & Custodial Services (Ireland) Limited (Styne House, Upper Hatch
Street, Dublin 2, Ireland) are authorised by the Financial Regulator under
the Investment Intermediaries Act 1995.

This material is not directed to any persons where (by reason of that
person's nationality, residence or otherwise) the publication or availability
of this material is prohibited. Persons in respect of whom such prohibitions
apply must not rely on this information in any respect whatsoever.

Dana Grosser of SEI, +1-610-676-2459, dgrosser at seic.com; or Media, Sue Mathews, suem at penrose.co.uk or Katy Hall, katyh at penrose.co.uk, both of Penrose Financial, +44-0207-786-4888

Discussion
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