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SEI expands relationship with BMO Financial Group


SEI has expanded its existing asset management relationship with BMO Financial Group (BMO) into the Asian market. To enable distribution to accredited Asian investors, SEI has registered 25 of its Dublin UCITS funds in Singapore.

Last month, BMO launched a new solution comprised of four risk-profiled Global Strategic Portfolios (SPs) managed by SEI. These SPs provide multiple levels of active management and diversification across six core asset classes: equity, fixed income, inflation sensitive, liquidity, absolute return and income. This news was previously announced on SEI’s fourth-quarter 2018 earnings call.
“We are thrilled to grow our strategic partnership with BMO. Bringing our expertise in building and managing custom investment solutions to Asia further supports our strategy to provide best-in-class services and solutions to our global clients,” says Kevin Barr, Executive Vice President of SEI and Head of the Investment Management Unit and Asset Management Distribution Team. “We look forward to expanding our presence in the Asian market as we continue to serve the investors in this region and globally.”
SEI’s new strategic partnership with BMO Private Bank Asia builds upon an existing 21-year asset management relationship with Bank of Montreal Nesbitt Burns (BMO NB) in Canada. BMO NB’s Quadrant program is a jointly-designed, white-label-supported mutual fund wrap program that uses SEI’s goals-based asset allocation advice and is implemented via SEI’s underlying Canadian Asset Class Funds. Quadrant is available to over 1,300 BMO NB advisors and their retail clients across Canada. Additionally, BMO Wealth Management, an SEI client in the US since 2005, is currently on SEI’s legacy platform, TRUST 3000®, and will migrate their existing book of business to the SEI Wealth Platform in 2019.
“Our partnership with SEI will enable us to further enhance our investment solutions to meet the needs of our private bank clients in Asia,” says Monique Chan, CEO of BMO Private Bank Asia. “BMO has a longstanding relationship with SEI in North America, and we look forward to expanding that collaboration to Asia.”

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