Close Brothers Asset Management enters partnership with SEI

By Gloria Methri

Close Brothers Asset Management (CBAM) and SEI have announced a strategic partnership to power CBAM’s operational transformation and growth. CBAM will adopt the SEI Wealth Platform (SWP) and SEI Data Cloud, which provide access to real-time data and analytics to leverage a fully integrated technology and operational outsourcing solution.

The strategic partnership between CBAM and SEI Investments Europe Ltd. will deliver integrated technology and services, including data integration, migration, and orchestration, which will enable CBAM to deliver on its strategic objectives.

As part of the agreement, several Close Brothers AM employees will join SEI’s SWP Operations team, and SEI and CBAM will work closely to ensure a smooth transition.

Commenting on the strategic partnership, Gregg Clarke, COO of CBAM, said, “Our new partnership with SEI marks a critical moment for Close Brothers AM. Our adoption of the SEI Wealth Platform enables us to realise multiple benefits and deliver on our strategy to become the best place in the UK for wealth professionals and their clients—whilst having complete confidence that high-quality service levels will be maintained for our clients. SEI understands our business and is committed to partnering with us 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, “Close Brothers AM is a leading UK wealth manager dedicated to delivering an end-to-end, modern wealth management experience for their clients. We are 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.”