SEI has confirmed the completion of its acquisition of Capita's former defined contribution (DC) master trust, Atlas, for an undisclosed sum.
The acquisition, which was first announced in October, will see three members of the Atlas executive team join SEI, with the expanded team bringing 'decades' of experience in pensions administration, governance and technology to the group.
Commenting on the news, SEI Institutional Group managing director of defined contribution, EMEA and Asia, Steve Charlton, said: “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.”
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