SEI Adds Over US $1.2 Billion (£765M) in New United Kingdom Fiduciary Management Assets
Growth Validates Increasing Popularity of Fiduciary Management
LONDON -- (MARKET WIRE) -- 10/25/11 -- SEI (NASDAQ: SEIC), a leading global provider of fiduciary management, today announced strong one-year sales of the company's fiduciary management offering in the United Kingdom resulting in 11 new fiduciary management clients and over US $1.2 billion (£765 million) in new assets under management. Among the new clients added over the past 12 months are AAF-McQuay U.K. Ltd, J&E Hall International and Draka U.K. Pension Plan. SEI now manages over US $50 billion (£32.5 billion) in fiduciary management assets worldwide.
Commenting on the new business, Patrick Disney, Managing Director of SEI's Institutional Group for EMEA, said:
"SEI's continued growth in the United Kingdom confirms that more pension trustees believe fiduciary management provides significant benefits to both the overall management of the pension as well as the participants. We commend the trustees at all of our new and existing clients for having the strategic vision to recognise these benefits and make the decision to hire a fiduciary manager. Moving forward, we fully expect more trustees to assess the value that fiduciary management can bring to their pension scheme."
New clients pointed to several key differentiators in selecting SEI, including the company's long track record of helping companies around the world address funded status challenges. Additional differentiators included SEI's ability to strengthen governance, develop a long term de-risking strategy, manage and monitor assets relative to liabilities, and assume responsibility for constructing and monitoring diversified, efficient investment portfolios.
In addition to the client growth, SEI was recently named "Fiduciary Management Firm of the Year" at the fourth annual European Pensions Awards ceremony. Winners were determined by an independent panel of 22 judges representing pension schemes, associations, consultants, and providers. Worldwide, SEI's fiduciary management business has shown significant growth over the past five years as the company has added 188 new clients and US $25.6 billion (£16.7 billion) in new global institutional assets under management over that time.
About SEI's Institutional Group
SEI's Institutional Group is the first and largest global provider of fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to more than 450 retirement, nonprofit and healthcare clients in six different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information, visit www.seic.com/institutions.
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 September 30, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $395 billion in mutual fund and pooled assets or separately managed assets, including $151 billion in assets under management and $244 billion in client assets under administration. For more information, visit www.seic.com.
This information is issued by SEI Investments (Europe) Limited, 4th Floor, Time & Life Building 1 Bruton Street, London W1J 6TL which is authorised and regulated by the Financial Services Authority.
No offer of any security is made hereby. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus.
Source: SEI
Released October 25, 2011