SEI Selected By Aviva Investors North America to Provide Mutual Fund Operations Outsourcing

OAKS, Pa., Aug. 9 /PRNewswire-FirstCall/ -- SEI (Nasdaq: SEIC) today 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 premier investment managers, such as Aviva Investors, to reduce time to market and quickly gain scale and efficiencies by leveraging SEI's infrastructure.  SEI has one of the leading turnkey mutual fund platforms in the space, having offered a series trust to managers for more than 18 years.

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 U.S. 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."

About SEI's Investment Manager Services Division

SEI's Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. 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 recognized by Buy-Side Technology as "Best Fund Administrator" and by HFMWeek as "Best Funds of Hedge Funds Administrator." For more information, visit http://www.seic.com/enUS/im/340.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 June 30, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $380 billion in mutual fund and pooled assets and manages $149 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.

About Aviva Investors North America, Inc.

Aviva Investors (www.avivainvestors.com) is the global asset management business operated by affiliates of Aviva plc, the world's fifth-largest insurance group (as of 12/31/2008). The affiliates operate under a single brand with more than 1,300 employees in 16 countries across Asia Pacific, Europe, the UK and North America. Aviva Investors affiliates manage more than US$400 billion worldwide (as of December 31, 2009).

SOURCE SEI