On Friday, Shares of Wells Fargo & Company (NYSE:WFC), lost -0.74% to $57.78.
SEI (NASDAQ: SEIC) declared that Wells Fargo will adopt the SEI Wealth Platform (the Platform), SEI’s next-generation, wealth administration technology solution. The Platform is an integrated solution designed to support client relationship administration counting front-, middle-, and back-office fiduciary investment and account administration processing services.
“Visionary banks and wealth managers recognize the competitive advantage modern systems offer to both risk administration and business development plans,” said Joseph P. Ujobai, Executive Vice President of SEI and Head of the Private Banking business. “With long-term, sustainable growth aims and a desire to support client needs as efficiently and effectively as possible, Wells Fargo has a long-standing reputation for adopting innovative technologies and processes. We look forward to assisting them advance that mission with the adoption of the SEI Wealth Platform.”
Wells Fargo will migrate from SEI’s TRUST 3000® solution, presently supporting its wealth administration, retirement, and corporate trust groups’ fiduciary and custodial businesses, to the new platform. SEI’s new technology is designed to meet around-the-clock client demands, provide a simplified infrastructure with faster response times and efficiencies, and an upgraded suite of products and services.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of NRG Energy, Inc. (NYSE:NRG), declined -1.15% to $21.40, during its last trading session.
NRG Energy plans to present its Second Quarter 2015 financial results in a conference call and webcast on Tuesday, August 4, 2015 at 8:00am Eastern.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions.
Finally, Astoria Financial Corporation (NYSE:AF), ended its last trade with 1.42% gain, and closed at $14.33.
Astoria Financial Corporation declared that their Boards of Directors designated Robert Giambrone, effective July 22, 2015, to serve as a director of both the Company and the Bank.
Mr. Giambrone, 61, served as a member of the Board of Directors, Chief Financial and Administrative Officer and Executive Vice President of Keefe, Bruyette & Woods, Inc. (“KBW”), an investment bank specializing in the financial services sector, from 2002 until his retirement in 2013. As global head of the financial, operational and administrative functions of the company, Mr. Giambrone managed all of KBW’s key planned initiatives counting the initial public offering of its shares.
Commenting on Mr. Giambrone’s appointment, Ralph F. Palleschi, Chairman of the Board of the Company and Astoria Bank, and Monte N. Redman, a director, President and Chief Executive Officer of both organizations, stated, “We are delighted that Bob will be joining the Boards of both Astoria Financial Corporation and Astoria Bank. His solid financial experience and considerable knowledge of the banking industry will serve us well in future endeavors.”
Astoria Financial Corporation operates as the holding company for Astoria Bank that provides various financial products and services to individuals and businesses in the United States. The company accepts various deposit products, counting passbook and statement savings accounts, money market accounts, NOW and demand deposit accounts, and certificates of deposit.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
