Economic shifts and technological adoption are reshaping asset management approaches.
- Close Brothers Asset Management (CBAM) pairs with tech firm SEI to enhance service offerings.
- The collaboration will see the integration of SEI’s Wealth Platform and Data Cloud into CBAM’s operations.
- Employees from CBAM will transition to SEI’s operations team to facilitate the process.
- The strategic partnership includes outsourcing to Objectway and Winterflood Business Services.
Close Brothers Asset Management is undergoing a significant transformation driven by economic changes and technological advancements. By forging a partnership with SEI, CBAM aims to leverage advanced technology solutions to elevate their service delivery. This move underscores the trend of wealth managers adopting cutting-edge platforms to remain competitive.
The collaboration with SEI involves the adoption of the SEI Wealth Platform (SWP) and SEI Data Cloud. These platforms provide comprehensive technology, data, and operational outsourcing solutions, which are expected to streamline CBAM’s operations and enhance their client offerings. This strategic decision was made after a thorough selection process involving various industry providers.
In a move to ensure seamless integration and operation of these platforms, several CBAM employees will join SEI’s SWP operations team. This transfer of personnel is vital for maintaining business continuity and ensuring that the transition is smooth and effective.
Alongside the main partnership with SEI, CBAM is also set to utilise Objectway’s Portfolio Management Solution. Moreover, they will outsource order execution activities to Winterflood Business Services. These steps are part of a broader strategy to optimise operational efficiency through collaboration with leading technology service providers.
The partnership between CBAM and SEI, along with engagements with Objectway and Winterflood, marks a forward-thinking step towards operational optimisation and enhanced service delivery in asset management.
