SEI is set to expand its enhanced chief investment officer (ECIO) offering to corporate defined benefit (DB) schemes in the UK.
The wealth and investment management giant said the expansion of its service comes as a response to the ongoing economic disruption caused by Covid-19 and increased demand from institutional investors looking to enhance their infrastructure.
The ECIO allows institutional investors, such as DB schemes, to build a custom platform to improve operational due diligence with the aim of increasing efficiency, accuracy, security, and transparency in a cost-effective manner.
SEI head of institutional group and executive vice president Paul Klauder said: "This type of comprehensive offering is not common, and we believe there is no firm better positioned to offer this range of capabilities to institutional investors".
Vice president of strategic growth initiatives Kevin Matthew added: "Institutional investors that have decided to management investments in-house still face significant operational and oversight challenges.
"The end benefit is that in-house investment resources can leverage an infrastructure that can be more efficient, accurate, cost-effective, and transparent."
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