First Maryland Bancorp has signed on SEI Corp. to distribute and administer its proprietary Ark family of mutual funds.

The Baltimore-based banking company, which manages $1.87 billion of mutual fund assets in nine portfolios, announced the contract on Dec. 13.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.