Business
SEI Adds Nearly $3.8 Billion in Institutional Assets Globally in First Half of 2021
Addition of 11 New OCIO and Fiduciary Management Clients in 2021 Supports Global Market Momentum OAKS, Pa., Aug. 31, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC)
About this update from Sei Investments Company
[{"type":"text","content":" Addition of 11 New OCIO and Fiduciary Management Clients in 2021 Supports Global Market Momentum \n\n\n\n OAKS, Pa., Aug. 31, 2021 /PRNewswire/ -- SEI (NASDAQ:SEIC) today announced continued global growth in its institutional business, adding 11 clients and nearly $3.8 billion in new outsourced chief investment officer (OCIO) and fiduciary management assets during the first half of 2021. Among SEI's institutional clients added in 2021 are Greater Philadelphia YMCA and Real Estate Council of Ontario.\n\n \n \"After nearly three decades, SEI continues to stand out in a crowded OCIO and fiduciary management marketplace due to our focus on delivering results, evolving our services and building a broad infrastructure,\" said Paul Klauder, Executive Vice President of SEI and Head of SEI's Institutional Group. \"We leverage companywide capabilities and expertise to provide comprehensive and flexible solutions that address clients' needs. Our investment in technology, depth of resources and overall client experience are why we continue to be the provider of choice for more than 440 institutional investors.\"\n \n\n \n SEI is a \n leading provider of outsourced investment management services and custom platforms to support insourced investment staffs. The company's growth as a provider of outsourced investment management this year comes from new client conversions in the United States, the United Kingdom and Canada, as the company continues to invest in developing its overall capabilities for institutional investors around the globe. \n \n\n \n Since January 2020, SEI's institutional business has added over $9.1 billion in new assets globally. Clients selected SEI for its overall scale and infrastructure, data aggregation and reporting capabilities, strong sponsor support, ability to provide custom investment and sustainability screens, and breadth of experience. \n \n\n \n \"When hiring an OCIO, institutional asset owners, investment committees and other fiduciary decision-makers are looking for a provider capable of helping them address a broad set of challenges, often extending beyond traditional OCIO services,\" said Michael Cagnina, Vice President and Managing Director of SEI's Institutional Group in North America. \"We look forward to partnering with all of our clients, and we are committed to working together to achieve their goa...