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TMA ANNOUNCES AGREEMENT WITH SEI

 TMA ANNOUNCES AGREEMENT WITH SEI
 WILTON, Conn., Dec. 2 /PRNewswire/ -- TMA Inc., the Wilton,


Conn.-based capital manager and fiduciary services provider to community banks and trust companies, announced last week that an agreement has been reached with SEI Corporation (NASDAQ: SEIC) to provide TMA with servicing capabilities to enhance systems and investment products provided for TMA managed trust companies.
 TMA is a fiduciary management company which arranges management buy- ins of small and medium-size trust departments of financial institutions where there is both a need to upgrade fiduciary asset management services and to increase the bank's capital. In addition to being a source of capital for banks, TMA restructures the trust business in partnership with the bank and provides on-going executive management to the restructured business.
 SEI Corporation, which currently provides state-of-the-art processing systems and investment products to over 650 trust departments and companies, will provide TMA with the necessary outsourcing and consolidation of administrative and investment functions, a key element of the TMA business.
 Richard A. Giesen, Jr., founder of TMA, welcomed "the agreement between TMA and SEI which will enable TMA to offer a strong alternative strategy to banks searching for ways to profitably restructure their trust business. Currently, TMA is the only company offering banks a restructuring proposal which serves as an alternative to the outright sale of the trust department to a competitor."
 -0- 12/2/91 R
 /CONTACT: Richard A. Giesen, Jr. of Trust Management of America, 203-761-0511/
 (SEIC) CO: Trust Management of America, Inc.; SEI Corporation ST: Connecticut IN: FIN SU:


JT-FC -- NY010R -- 8408 12/02/91 13:55 EST
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Publication:PR Newswire
Date:Dec 2, 1991
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