Oak’s SEI Investments has agreed to sell its family office services business to New York-based investment firm Aquiline Capital Partners, writes Jeff

Aquiline and SEI have entered into a definitive agreement for Aquiline to acquire SEI’s Family Office Services business. Following the transaction’s close, the business will operate as Archway, capitalizing on the well-known and respected brand of the Archway Platform within the family office market.

Oaks-based SEI Investments has agreed to sell a division of the company to a New York firm, affecting roughly 150 employees.

SEI Investments Co. SEIC has agreed to divest its Family Office Service operations to Acquiline Capital Partners LP (Acquiline) for $120 million. Details of SEIC’s Divestiture SEIC’s Family Office Services business offers technology and outsourced solutions that integrate accounting,