SEI Names S. Douglas Pugliese Director of Business Development for Private Wealth Management

OAKS, PA -- (Marketwire) -- 08/08/12 -- SEI (NASDAQ: SEIC) today announced that S. Douglas Pugliese has been named Director of Business Development for the company's Private Wealth Management business segment. In this role, Mr. Pugliese will be responsible for developing new client relationships with ultra-high-net-worth individuals with a view toward advising and managing their wealth. Mr. Pugliese joins the firm with more than 16 years of experience in financial advisory roles as a trusted senior advisor to CEOs, senior executives, and boards of directors.

"Doug has been successful in cultivating relationships with individuals and businesses across the entire financial spectrum," said Michael Farrell, Managing Director for SEI Private Wealth Management. "His experience and insights will be invaluable to our clients as we work with them to help make decisions and develop wealth strategies that are best for them and their families. We are excited to have him on our team as we build out our business and our client base."

Prior to joining SEI, Mr. Pugliese served as Executive Managing Director and Principal of the Northeast region for a valuation consulting and financial advisory firm. In this role, he was responsible for developing and driving business growth while managing the New York and Philadelphia offices.

Previously, Mr. Pugliese was a Managing Director in the Investment Banking Division at Bear, Stearns & Co. Inc. In this capacity, he developed and executed strategic merger & acquisition and financing transactions worth more than $12 billion while based in the Firm's New York and London offices.

Mr. Pugliese has conducted business all over the world, having lived and worked for more than 10 years in Latin America, Europe, and Africa. Mr. Pugliese also served as an officer and pilot in the United States Navy. He holds a Bachelor of Arts in economics and Spanish literature from the University of Pennsylvania and a Master of Business Administration in finance from the Stern School of Business at New York University.

About SEI Private Wealth Management
SEI Private Wealth Management provides clarity into the complex issues faced by wealthy individuals and families so they can make better decisions for themselves, their families, and their communities. In September 2011, SEI Private Wealth Management, formerly the SEI Wealth Network, was named to the National Association of Board Certified Advisory Practices' (NABCAP) Premier Advisor list, published by the Philadelphia Business Journal. SEI Private Wealth Management is an umbrella name for various life and wealth advisory services provided by SEI Investments Management Corporation (SIMC). SIMC is a subsidiary of SEI. For more information about SEI Private Wealth Management, visit www.seic.com/privatewealth.

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 June 30, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $424 billion in mutual fund and pooled or separately managed assets, including $182 billion in assets under management and $242 billion in client assets under administration. For more information, visit www.seic.com.

Source: SEI

Released August 8, 2012