SEI Canada Expands Team With New Appointment

Andy Mitchell Named Managing Director, Head of Asset Management Distribution, Canada

TORONTO -- (Marketwired) -- 06/13/13 -- SEI (NASDAQ: SEIC) announced today the appointment of Andy Mitchell as Managing Director, Head of Asset Management Distribution for SEI's Canadian office.

"Andy is highly respected in the Canadian investment industry. He's in tune with the challenges facing investment advisors today and will be instrumental in shaping the future of our Canadian retail business," said Kevin Barr, Head of SEI's Investment Management Unit.

Andy will be responsible for developing and maintaining strategic relationships with large distribution partners, driving sales and revenue growth with existing and new clients, and managing SEI's strategic sales plan. He brings more than 23 years of experience to the role. Prior to joining SEI, Andy was President of Worldsource Financial Management, a leading independent advisor network.

"I am delighted to be joining SEI Canada," said Andy Mitchell. "SEI has been a thought leader in the area of managed, fee-based portfolio solutions, and I feel it is uniquely positioned to help advisors meet industry challenges while delivering investments that are aligned with clients' goals. I look forward to working closely with our clients and partners."

About SEI Canada
SEI founded its Canadian business in 1994 with an office in Toronto and sales offices across the country. SEI's manager-of-managers approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian investors. The SEI Goals-Based Portfolios, Strategic Portfolios and Asset Allocation Funds are available to retail investors through select dealer relationships. The SEI Target Date Funds and Asset Allocation Funds are available to institutional investors including pension plans and nonprofit organizations. For more information, visit www.seic.com/enCA.

About SEI
SEI (NASDAQ: SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $495 billion in mutual fund and pooled or separately managed assets, including $206 billion in assets under management and $289 billion in client assets under administration. For more information, visit www.seic.com.

Company Contact:
Dana Grosser
SEI
+1 610-676-2459
dgrosser@seic.com

Media Contact:
Anne Hoare
SEI
+1 416-847-6375
ahoare@seic.com

Source: SEI

Released June 13, 2013