Vermeg Secures SEI Investments For Corporate Actions System

Corporate actions processing firm Vermeg has secured a new client in the form of wealth services provider SEI Investments. SEI is in the process of implementing Vermeg’s Megacor system to provide the corporate actions module within its own Global Wealth Management Platform aimed at private clients. While being touted as the first U.S. deal for Vermeg, the client actually intends to implement the system primarily within Europe. The system is planned to go live by the end of the year.