Huntington picks SEI for private bank platform shift

Huntington National Bank has selected SEI Wealth Platform for its private banking business, bringing its wealth management systems onto a single platform.

Huntington Private Bank plans to use SEI for technology, operations and asset management as it makes the shift. It will also adopt SEI Access for alternative investments, SEI LifeYield for tax management, data cloud services, and digital workflow tools for account onboarding and other processes.

The agreement reflects a wider push by banks and wealth managers to replace older systems spread across multiple parts of the business. Firms are trying to reduce operational complexity while giving advisers and clients a more integrated digital service.

SEI's Professional Services unit will support the change programme, including systems integration, data conversion and transition planning. The work is designed to help Huntington move to a new operating model for its wealth management business.

Huntington is part of Huntington Bancshares, a regional banking group with USD $279 billion in assets. The bank operates nearly 1,400 branches across 21 states, while some business lines have a broader geographic reach.

Platform shift

The move gives Huntington access to a broader set of SEI products aimed at private banking clients. Alongside investment and tax tools, the platform will connect with Huntington's core banking systems through application programming interfaces and data services.

For SEI, the deal adds another large banking client to its wealth technology business. At the end of 2025, it had around $8.1 trillion in assets on its wealth management platforms, including $1.9 trillion on SEI Wealth Platform and $1.2 trillion held with SEI Private Trust Company.

SEI also serves eight of the 20 largest US banks by fiduciary assets. That position highlights the importance of large bank contracts in a market where institutions are reassessing in-house systems and outsourced models.

Melissa Holding, Director of Wealth Management at Huntington, said: "At Huntington, we've built a strong wealth management business by putting our customers and colleagues first. As we look ahead, our focus remains on sustainable growth, and this partnership with SEI strengthens our ability to deliver on that commitment."

"We believe we have found a partner that shares our culture and values while providing a unified, modern platform for the Private Bank that streamlines operations, scales with our business, and strengthens our risk management. This is an important step forward that will enable us to better serve our current customers and support future generations with more holistic, meaningful wealth solutions," Holding said.

Industry pressure

Banks offering wealth services have been under pressure to update fragmented systems as they face rising client expectations and tighter demands for control and efficiency. Private banks in particular have been looking for ways to bring portfolio management, onboarding, reporting and tax functions into fewer systems.

SEI framed the Huntington mandate as part of that trend. The company combines software, outsourced operations and asset management services for financial institutions and wealth managers.

Sanjay Sharma, Chief Executive Officer of SEI International and Global Head of SEI's Private Banking business, said, "Banks and wealth managers continue to face tremendous pressure to deliver solutions enabled by automation, operational excellence, and digital-native, customer-centric experiences. Our engagement with Huntington will help them reimagine their wealth platforms with modern, integrated technology that improves efficiency, enhances operational control, and reinforces their advice-led model. With SEI's expansive inventory of APIs and robust data cloud solution, SWP will seamlessly integrate with Huntington's core banking systems to unlock new growth opportunities and deliver consistent, scalable, and enhanced experiences for their private bank and high-net-worth customers.

"We are excited to work with the Huntington team to help them deliver a more holistic, tailored wealth experience for advisors and end customers, supporting their growth while reinforcing their role as a strategic financial partner," said Sharma.