SEI, the US-based wealth and technology firm, said it has been chosen by SpareBank1 Markets AS, the Nordic investment firm, to provide full fund administration, trustee and custodial services for its new Irish-registered UCITS fund.

SEI’s outsourcing proposition encompasses fund administration, accounting, investor servicing, and Irish trustee and custody services. SEI manages or administers $430 billion in mutual fund and pooled assets or separately managed assets, including $180 billion in assets under management and $250 billion in client assets under administration.

SpareBank1 Markets AS was established in October 2008. It is headquartered in Oslo.