SEI has today announced the completion of its acquisition of Atlas, formerly Capita’s defined contribution (DC) master trust.
SEI Master Trust and Atlas have a combined trust of approximately £2bn in assets under management.
Three Atlas executive team members joined SEI along with other senior leaders hired earlier this year to support the acquisition. The executive team are experienced in pension administration, governance, and technology.
SEI’s Institutional Group EMEA and Asia managing director of defined contribution Steve Charlton says: “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.”
