SEI will provide Credit Suisse's asset management division with middle-office services for the firm's municipal bond portfolios.
These will include fixed-income analytics, trade processing, investment accounting, end-client invoicing and reporting, as well as amortization and updated portfolio positions and pricing.
SEI also provides daily security reference and position data to support Credit Suisse asset management's order-management system as well as their internal data warehouse. Additionally, Credit Suisse's asset management division will access comprehensive data management, performance, and risk reporting for all middle-office services performed by SEI via SEI's online manager dashboard.
"We're seeing more and more firms look to outsourcing, not only as a means of gaining efficiencies and technology, but as a way to gain access to timely and accurate information that can better inform critical investment decisions," said John Alshefski, senior vice president of SEI's investment manager services division.
