has agreed to continue its relationship with SEI Investments
. SEI provides investment processing technology to the firm. Wachovia will utilize SEI's straight-through processing solutions. Wachovia has been a client of SEI's for the past ten years.
"SEI has been a trusted business partner to Wachovia during a period of dramatic change and growth for our organization," stated John Principe, managing executive director of institutional trust services at Wachovia. "Their understanding of our business, unparalleled investment processing experience, and commitment to straight-through efficiencies make them an excellent partner for us. We're pleased to continue our relationship with SEI and feel that it demonstrates our continued commitment to the institutional custody business."
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