Acquisition Designed to Enhance Member Outcomes and Experience
SEI Completes Acquisition of Atlas Master Trust
LONDON, 22 Nov., 2021 – SEI® (NASDAQ:SEIC) today announced the completion of its acquisition of Atlas, previously Capita’s defined contribution (DC) master trust. The deal positions the SEI Master Trust to continue delivering best-of-breed services at scale, with the combined trusts having approximately £2 billion in assets under management.1
Three members of the Atlas executive team joined SEI alongside other senior leaders who were hired earlier this year to support the acquisition. The expanded executive team brings decades of leadership and expertise in pension administration, governance and technology.
Steve Charlton, Managing Director of Defined Contribution, EMEA and Asia, for SEI’s Institutional Group, said:
“After completing this acquisition, the expanded SEI Master Trust is strategically positioned to continue offering our members premier service, high quality pension administration, advanced technology solutions, and improved investment outcomes. With a deeply talented team and a diverse Trustee, we are confident that the deal will drive us forward into 2022.”
The SEI Master Trust provides a fully-bundled solution for employers delivering defined contribution (DC) schemes. An independently-assured DC provision, the Master Trust encompasses investment management, member communications and administration, as well as utilising a manager-of-managers platform established over 25 years ago and overseen by more than 115 in-house investment experts. With its global scale and 14-year heritage as one of the first U.K. Master Trust providers, the SEI Master Trust offers customised solutions and a complete member journey, guiding members through retirement and beyond.
1As at 30 Sept., 2021
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change and help protect assets—for growth today and in the future. As of Sept. 30, 2021, SEI manages, advises, or administers approximately $1.3 trillion in assets.
This press release has been created in relation to the SEI Master Trust, an occupational pension scheme which is authorised by the Pensions Regulator. It is issued and approved by SEI Investments (Europe) Ltd (“SIEL”). SIEL is authorised and regulated by the Financial Conduct Authority. Registered office; 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR. While considerable care has been taken to ensure the information contained within this press release is accurate and up-to date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of this information. Investment in the range of the SEI Master Trust’s funds are intended as long-term investments. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
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