Danish lender Danske Bank has extended its relationship with SEI UK Private Banking for another three years.

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Danske Bank is the trading name of Northern Bank and part of the Copenhagen-headquartered Danske Bank Group.

Under the renewed deal, SEI will provide sophisticated portfolio-management functionality to Danske Bank private banking and wealth management services in Northern Ireland until 2019.

This move demonstrates SEI’s wider commitment to the UK market, and follows the company’s recent move to its new Finsbury Square offices.

The bank already has a relationship with SEI since 2011.

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SEI Wealth Platform UK Private Banking managing director Brett Williams said: "As the market undergoes upheaval as a result of legislative and regulatory change, we are seeing an appetite from private banks for a partner who can operate to scale and keep pace with these developments."

Danske Bank senior manager of wealth management Jennifer Elliott said: "We are delighted to confirm our continued partnership with SEI, and look forward to maintaining this productive relationship over the coming years."