SEI Investments has introduced SEI Firm Compliance, a global regulatory management system that allows its clients to oversee and orchestrate compliance functions across investment products and different jurisdictions.
SEI’s Investment Manager Services (IMS) division developed the new compliance framework as a bolt-on to the customised global operating platform it provides to its investment manager clients.
This new approach centralises an investment firm’s internal and outsourced compliance functions in a single management framework suited to the user’s specific business activities.
“Staying on top of a complex, ever-changing regulatory landscape has become a daunting task, especially for alternative managers and global investment organisations,” said Steve Meyer, executive vice president of SEI and head of SEI’s IMS division.
SEI has identified around 500 different financial regulators, exchanges, and industry groups around the globe, each with its own requirements. The firm has been steadily building its regulatory compliance offering over the last 25 years, most recently developing products to deal with regulations from the US and Europe, such as the Foreign Account Tax Compliance Act (FATCA) and the Alternative Investment Fund Managers Directive (AIFMD).
SEI manages $625 billion (€589 billion) in assets as of December 31, 2014.
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