Aquiline announces close of Archway acquisition
Rhea-AI Summary
Aquiline, a private investment firm, has completed its acquisition of SEI's (NASDAQ:SEIC) Family Office Services business, which will now operate independently as Archway. The company announced key leadership appointments, including Anthony Abenante as CEO and Steve Meyer as Chairman of the Board of Directors.
Archway provides comprehensive solutions for family offices, private banks, and wealth advisors through its general ledger accounting software platform, investment reporting, and fund administration services. The company will focus on expanding platform capabilities, enhancing client experience, and scaling services under Aquiline's ownership.
Under the new ownership, Archway plans to accelerate product innovation, deepen client partnerships, and expand market reach. The company will receive substantial new investment from Aquiline to strengthen its product offerings, customer experience, and talent acquisition efforts.
Positive
- Substantial new investment planned for product development, customer experience, and talent
- Appointment of experienced leadership team including former Credit Suisse Global Head of Equities as CEO
- Strategic focus on expanding platform capabilities and scaling services
- Support from Aquiline's wealth management expertise and investment experience
Negative
- Transition period as company separates from SEI ownership
- Potential integration challenges as new management team takes control
Insights
SEI completed sale of its Family Office Services unit to Aquiline, impacting corporate structure but financial terms remain undisclosed.
SEI (SEIC) has completed the divestiture of its Family Office Services business to Aquiline, a private investment firm specializing in financial services and technology. The divested business will now operate independently under its original name, Archway. While the press release indicates the business experienced "strong growth" under SEI's ownership, no financial details of the transaction were disclosed, making it impossible to assess the direct financial impact on SEI.
The strategic significance lies in SEI's portfolio streamlining, as the company appears to be refocusing its business model by divesting this specialized unit. Family Office Services represents a niche segment within SEI's broader wealth management offerings, catering specifically to ultra-high-net-worth families through accounting software and investment reporting services.
The press release focuses primarily on Archway's future under Aquiline's ownership, with several leadership appointments including Anthony Abenante as CEO and Steve Meyer joining as Board Chairman. Aquiline's stated strategy involves expanding Archway through both organic growth and acquisitions, positioning it to capitalize on what they describe as an "underserved market with increasing complexity."
For SEI investors, this transaction represents a structural change to the company's business portfolio. The true impact will only become clear when SEI discloses the financial terms of the deal and articulates how this divestiture aligns with its long-term strategic direction. Without these details, it's difficult to determine whether this represents value creation through profitable divestiture or the shedding of an underperforming asset.
After a strong period of growth under SEI's ownership, Aquiline is excited to support Archway with substantial new investment into product, customer experience, and talent.
Archway also announced the appointment of several key executives to lead the newly independent company. Anthony Abenante will join Archway as CEO. Anthony most recently served as Global Head of Equities at Credit Suisse and previously was the CEO of Instinet, where he expanded multi-asset trading capabilities and led platform modernization efforts serving institutional clients across more than 60 markets.
"Archway sits at the intersection of fintech, data, and service—exactly the kind of platform I've spent my career scaling. I'm excited to work alongside our talented team and Aquiline to expand our platform capabilities, enhance client experience, and scale our services to meet growing demand across the family office and private wealth ecosystem," said Abenante.
Steve Meyer will join the Board of Directors as Chairman. "Having been a part of SEI during their acquisition of Archway, I have seen the tremendous progress the business has made under their ownership. I'm incredibly excited to have the opportunity to be a part of this next chapter of the Archway story and continue to build upon its success serving the family office and private banking customers. Archway operates in one of the most dynamic segments of the wealth management market, where complexity and demand for institutional-grade infrastructure has never been higher."
Archway delivers a comprehensive suite of solutions to family offices, private banks and wealth advisors through the industry's most robust general ledger accounting software platform, along with investment reporting and fund administration services.
Vincenzo La Ruffa, Managing Partner of Aquiline said: "Family offices are an underserved market with increasing complexity of investment portfolios, generational changes and associated operational challenges. We believe Archway has developed the most powerful platform in the industry and we are excited to keep building. Having worked with Anthony as an advisor to Aquiline and board member in the past, we're thrilled to be partnering with him to grow Archway both organically and through complementary acquisitions."
Nick Seibert, Principal at Aquiline added "Having invested in several wealth management software and services platforms, we are excited to leverage Aquiline's depth of experience in partnership with the existing Archway platform and team to build upon its success. Through our experiences with Mirador and Landytech, we see a clear opportunity to grow Archway's client base."
With Aquiline's investment and strategic guidance, Archway enters a new phase as an independent company focused on accelerating product innovation, deepening client partnerships, and expanding its market reach. The company plans to invest in its core platform, enhance its outsourced service capabilities, and build new solutions to meet the evolving needs of family offices and complex wealth enterprises.
About Aquiline
Aquiline Capital Partners LP ("Aquiline") is a private investment firm based in
For more information about Aquiline, its investment professionals, and its portfolio companies, visit: aquiline.com.
About SEI®
SEI (NASDAQ: SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of March 31, 2025, SEI manages, advises, or administers approximately
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SOURCE Aquiline Capital Partners LP
FAQ
What is the impact of Aquiline's acquisition of SEI's (SEIC) Family Office Services business?
Who will lead Archway following the acquisition from SEI (SEIC)?
What services does Archway provide following its separation from SEI (SEIC)?
What are Aquiline's growth plans for Archway after acquiring it from SEI (SEIC)?
How will the Archway acquisition affect SEI (SEIC) shareholders?
