SEI Selected as Fiduciary Manager for Draka UK Pension Plan Following KPMG Review

Draka UK Utilises KPMG's Detailed Review Process to Identify SEI as the Best Provider for the Needs of the Pension Plans

LONDON -- (MARKET WIRE) -- 10/13/11 -- SEI (NASDAQ: SEIC), a leading global provider of fiduciary management, today announced that it has been hired by the trustees of the Draka UK Pension Plan (Draka) to provide fiduciary management services for the defined benefit pension plan, representing approximately £60 million in assets. The decision by Draka's trustees came following a formal review process of fiduciary managers conducted by KPMG Investment Advisory.

Draka's trustees decided to engage a fiduciary manager to increase the overall effectiveness of the pension plan's management. Draka's trustees wanted to implement a process that allowed for more fluid changes to the portfolio and could effectively protect improvements in funded status by managing liability risks on an ongoing basis.

KPMG, which offers services to advise pension funds on the selection and ongoing monitoring of implemented consulting arrangements, was appointed by Draka's trustees to provide advisory services including an independent review of fiduciary managers for Draka to consider. KPMG assisted the trustees in managing a request for proposal (RFP) and individual site visits.

SEI was selected over other companies following an extremely thorough review process. Reasons for SEI's selection include the company's extensive track record in providing fiduciary management services, as well as an overall focus on client service that provides ongoing advice and trustee training.

Commenting on the appointment Alex Carter, Draka Trustee & Finance Director of Draka UK Limited, said:

"The trustees of Draka's pension decided to appoint a fiduciary manager because we were keen to find a governance approach which would allow us to de-risk the pension plan and more effectively manage the assets against the liabilities. KPMG provided us with a detailed review and significant advice around the evaluation of fiduciary managers. We chose SEI because of its track record in delivering fiduciary management globally over a significant time period and the strength of their proposition in the UK."

Commenting on the appointment, Patrick Disney, Managing Director of SEI's Institutional Group for EMEA, said:

"Draka's decision to appoint a fiduciary manager shows that its trustees are at the forefront of the industry when it comes to management of the pension plan. Additionally, hiring a reputable partner such as KPMG, to assist in the search process is a demonstration of Draka's trustees' commitment to improving the plan management process. SEI appreciated working with KPMG through this process. Furthermore, we look forward to working with Draka in achieving their goals of effectively managing the pension's funded level and protecting the long-term health of the plan."

Commenting on the appointment, Head of Investment Advisory at KPMG, Patrick McCoy, said:

"Deciding to appoint and then selecting a fiduciary manager is very significant decision for trustees to make. It is important to carefully consider the full universe of managers due to the wide range of approaches offered and then undertake thorough due diligence as trustees would for any fund manager appointment. We are delighted to have been able to help the Draka trustees appoint SEI."

About SEI's Institutional Group
SEI's Institutional Group is the first and largest global provider of fiduciary management services. The company began offering these services in 1992 and currently has over 450 fiduciary management clients worldwide. SEI became the first to offer a fiduciary management solution that integrates assets, liabilities and overall organisational finances by incorporating risk management, investment advice, implementation, oversight, trust/custody, and a unique modeling process. The company provides these services to pension fund, healthcare, charity and endowment clients worldwide. For more information, visit http://www.seic.com/enUK/institutions/fiduciary-management.htm.

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, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $430 billion in mutual fund and pooled assets or separately managed assets, including $180 billion in assets under management and $250 billion in client assets under administration. For more information, visit www.seic.com.

About Draka UK
More information on Draka and its cable offering can be found at www.drakauk.com. Draka UK is the country's leading designer and manufacturer of fire performance cables, zero halogen power cables and building wires. The company is part of Milan-based Prysmian S.P.A., which has over 22,000 employees worldwide. Further details are available by telephone on +44 (0) 1332 345431, by fax on +44 (0) 1332 331237, and via email at sales@draka.com.

About KPMG
KPMG Investment Advisory is a leading investment consultancy firm that offers a broad range of expertise to trustees and sponsors on all areas of pension plan management. This includes a deep expertise in fiduciary management, where KPMG is the market-leading independent advisor, with access to all fiduciary managers operating in the UK and true independence.

KPMG Investment Advisory also offers ongoing monitoring services, that use its unparalleled access to fiduciary managers and its wide understanding of pension plan issues (including those outside of the investment remit) to offer proactive, clear and simple directions to clients.

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 13, 2011