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Rating:Regional Bank Hires SMA Provider Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 13, 2005

Regional Bank Hires SMA Provider

by: Theresa Sim

South Carolina Bank and Trust has inked a multi-year contract with SEI Investments for outsourced separately managed accounts and trust services.

The regional bank, a subsidiary of SCBT Financial Corporation, with 36 financial centers in South Carolina and client assets of $1.6 billion, will offer SEI's mutual fund wrap and overlay managed account to its high-net worth, defined benefit and non-profit customers.

SEI Private Trust Company will also handle trust accounting and processing for SCBT.  

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