BUZZ-SEI signs on $26 bln asset manager as client, shares rise

Reuters
2024-11-06
BUZZ-SEI signs on $26 bln asset manager as client, shares rise

** Shares of investment tech platform SEI SEIC.O climb 6% before the open on a strong day for markets

** Co signs deal to deliver market technology to UK-based Close Brothers Asset Management (CBAM)

** CBAM manages approximately 20 billion pounds ($25.72 billion) in assets

** Some of CBAM employees will join SEI as part of the deal

** YTD, SEIC has gained ~21%

** Meanwhile, the S&P 500 and the Dow were set to open at record high after Republican Donald Trump won the White House .N

($1 = 0.7777 pounds)

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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