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Xchanging PLC Managing SEB Investment Accounts |
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Xchanging PLC Managing SEB Investment Accounts
LONDON--(Marketwire - January 18, 2010) -
Press Release
XCHANGING CONTINUES TO GROW
Chosen by SEB Bank and SEB Asset Management to manage their investment
accounts, making Xchanging the largest independent investment account
processing platform in Germany.
FRANKFURT, 18 January 2010 - FRANKFURT, 18 January 2010 - Fondsdepot
Bank, an Enterprise Partnership of Xchanging and Allianz Global
Investors, has been chosen by SEB Bank and SEB Asset Management for the
administration of their B2B investment accounts business. The migration
of the investment accounts from the current platform of SEB
Investmentservice (SEB ISG) onto Fondsdepot Bank's IT platform is
expected to be completed by 31 December 2010. As part of this
outsourcing contract, the Frankfurt-based SEB ISG will become part of
Xchanging Group.
This transaction will make Xchanging the largest independent investment
account processing platform in Germany, with approximately 1.5 million
investment accounts and approxi
View More : http://www.marketwire.com/mw/release.do?id=1102872&sourceType=3
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