Aviva Investors North America, the asset management business operated by affiliates of Aviva, has selected SEI, a provider of outsourced asset management, investment processing and investment operations solutions, to provide full-service fund operations outsourcing for its recently created mutual fund offering.

The outsourcing services will be implemented through SEI’s Advisors’ Inner Circle series trust. Its turnkey solution allows investment managers, such as Aviva Investors, to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.

According to the SEI, the solution encompasses mutual fund administration, accounting, investor servicing, and distribution services.

SEI added that Aviva Investors will benefit from its distribution support model, with more than 175 relationships that offers quick access to a broad range of intermediary firms and platforms.

John Alshefski, senior vice president of Investment Manager Services division at SEI, said: “In outsourcing to SEI, Aviva Investors is able to leverage our comprehensive, proven solution. This allows the firm to focus on building new products as part of their global asset management business. We’re very pleased to work with Aviva Investors as part of this initiative.”

Rob Ranges, head of business development for Aviva Investors North America, said: “SEI’s platform was the best solution to support our plans to grow our mutual fund offering in North America. SEI’s scalable solution allows us to concentrate on portfolio management and client relationships instead of creating our own back office infrastructure. That means we can focus on growing our mutual fund business, with SEI as an important strategic partner.”