SEB’s upgraded offering will combine the bank’s local presence and expertise with globally competitive functionality powered by Brown Brothers Harriman, a global leader in investor services. SEB will integrate the new solution with its own infrastructure for an entirely seamless offering.
“As the leading financial partner for institutional clients in the Nordic region, we now accelerate investment in our global custody offering. Financial institutions will be offered enhanced services that meet long-term needs in an ever-changing environment,” says Lars Millberg, head of SEB’s Transaction Banking business area.
SEB will continue to be the sole relationship holder. Clients will be gradually transferred to the new platform at a pace that is suitable for all parties. Migration of clients will be phased, and is planned to be completed during 2016.
The agreement is pending approval from authorities.