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July 25, 2013
SEI Added 30 New Clients in First Half Of Year
Fiduciary manager SEI added 30 new institutional clients in the first half of 2013. The
new clients represent $4.2 billion in new assets.
Recently added U.S. clients include Albemarle Corporation, Allied Systems
Holdings, The Anne Carlsen Center, Blanchard Valley Health System,
Gillette Children’s Specialty Healthcare, Legacy Foundation, Los Angeles
Philharmonic, Mary Washington Healthcare, Montgomery County Employees’
Retirement System, The Reidsville Area Foundation, Santa Barbara City
College and The University of Southern Mississippi Foundation.
SEI has added 62 new institutional clients and $13.6 billion in
new institutional assets since the start of last year. “From a new
business perspective, we continue to see an increased interest
in outsourcing from nonprofits and healthcare organizations,”
Paul Klauder, v.p. and managing director of SEI’s Institutional
Group, stated in an email. “The appeal of our business model
to these types of organizations is typically the additional layer
Paul Klauder
of governance and oversight we provide and our ability to act
quickly on asset allocation or manager change decisions. In addition, we’re seeing
increased openness from larger institutional investors, both on the pension and
nonprofit side, who are looking for a fiduciary partner to help them maximize their
investments.”
SEI is a provider of investment processing, fund processing and investment
management business outsourcing solutions. It has $204 billion in institutional
assets under management, including $52 billion in U.S. outsourced assets under
management.
—Levi Davis
Reprinted with permission from Money Management Intelligence by SEI Investments Management Corporation.
For more information, call 1-866-680-8027 or visit www.seic.com/institutions.