Danske Bank signs 3-year contract extension with SEI Wealth Platform

SEI (NASDAQ:SEIC) UK Private Banking has announced that it has extended its contract for an additional three years with Danske Bank, the trading name of Northern Bank Limited and part of the Copenhagen-headquartered Danske Bank Group.
Today’s announcement commits both organisations to working with each other until 2019, and involves SEI providing sophisticated portfolio-management functionality to Danske Bank Private Banking and Wealth Management Services in Northern Ireland. The extension will build on an existing relationship with SEI that goes back to 2011, and will ensure that Danske Bank stays at the forefront of technological innovation in servicing its clients.
The announcement underlines SEI’s wider commitment to the UK market, and follows the company’s recent move to its new Finsbury Square offices.
Brett Williams, Managing Director, SEI Wealth Platform, UK Private Banking, said:
“As the market undergoes upheaval as a result of legislative and regulatory change, we are seeing an appetite from private banks for a partner who can operate to scale and keep pace with these developments.
Today’s news is another example of how we can continue the good work we have already done with this client. We welcome the opportunity to continue working with Danske Bank into the next decade.”
Jennifer Elliott, Senior Manager, Wealth Management, Danske Bank, said:
“Significant technological and regulatory change is causing well-documented changes to client needs and expectations. We are delighted to confirm our continued partnership with SEI, and look forward to maintaining this productive relationship over the coming years.”