Wealth tech provider SEI has expanded its relationship with BMO Financial Group by teaming up with BMO Private Bank Asia.
Under the agreement, SEI has registered 25 BMO Dublin UCITS funds in Singapore.
The move follows the recent launch of BMO’s four risk-profiled Global Strategic Portfolios (SPs).
The SPs, managed by SEI, cover equity, fixed income, inflation sensitive, liquidity, absolute return as well as income.
SEI and BMO have been partners for many years.
The technology provider has been working with Bank of Montreal Nesbitt Burns (BMO NB) in Canada for 21 years.
SEI offers goals-based asset allocation advice for BMO NB’s Quadrant mutual fund wrap programme.
Last year, BMO Wealth Management opted for the vendor’s SEI Wealth Platform, an integrated wealth management solution.
The wealth manager plans to migrate to the platform this year. Currently, it is using SEI’s legacy platform TRUST 3000.
Commenting on the latest tie-up, SEI executive vice president and head of the investment management unit and asset management distribution team Kevin Barr said: “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.”