Sanjay Sharma to Lead SEI's Private Banking Business

Evolution of SEI's Leadership Reinforces Strategic Focus on Driving Growth

OAKS, Pa., June 16, 2022 /PRNewswire/ -- SEI^® (NASDAQ: SEIC) today announced that Sanjay Sharma has been appointed to lead its Private Banking business segment. Sharma will be responsible for overall strategy and business growth through the delivery of comprehensive technology, operational, and investment solutions for U.S. and U.K. wealth management organizations. With more than 25 years of global experience in the financial services industry, he brings deep knowledge to capitalize on current and future technology, operational, and business trends.     

Sharma has been with SEI for 14 years, previously serving as Chief Technology Officer and responsible for the global IT strategy, execution, and delivery of all of SEI's platforms and applications, including the SEI Wealth Platform^SM and SEI's cloud strategy. Prior to joining SEI, Sharma led a successful consulting business and held leadership positions overseeing revenue generation, market strategy, and global delivery at top-10 IT consulting companies.

"The financial services industry is enduring tremendous change, and with change comes opportunity. We're well positioned to help wealth management organizations navigate the challenges they're facing and transform their businesses to meet investors' demands. I'm thrilled to take on this new role and continue working alongside the incredible talent at SEI."

"We're focused on investing in our talent, reigniting our culture, and transforming growth, and the evolution of SEI is key to unlocking our potential. Sanjay's expertise in the technology and wealth management landscape will be invaluable to progressing our business strategy. There is a clear intersection of technology and business growth in today's wealth management market, and we believe that trend will only accelerate. Our success is driven by the strength of our workforce and leadership, and I'm confident Sanjay will continue to help position our company and our clients for success in seizing opportunities that drive future growth."

Sharma is currently a member of the Client Advisory Board for Digital for a global top-ten IT consulting firm, board member for the Philadelphia Alliance for Capital and Technology, Advisory Board member for a large venture capital firm, Advisory Board member for SEI Ventures, a member of the Advisory Board for SEI Diversity and Inclusion, and founding board member of Racial Justice Institution. He holds a master's degree in engineering, specializing in systems engineering, from the Indian Institute of Technology in Roorkee, India.

About SEI^®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to solve problems, manage change, and help protect assets—for growth today and in the future. As of March 31, 2022, SEI manages, advises, or administers approximately $1.3 trillion in assets. For more information, visit seic.com.

This release contains forward-looking statements within the meaning or the rules and regulations of the Securities and Exchange Commission.  In some cases you can identify forward-looking statements by terminology, such as "may," "will," "expect," "believe" and "continue" or "appear." Our forward-looking statements include our current expectations as to:

• the strategic initiatives and business segments that we will pursue and those in which we will invest, and
• the success, if any, of the sales and strategic initiatives we pursue.

You should not place undue reliance on our forward-looking statements, as they are based on the current beliefs and expectations of our management and subject to significant risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe the assumptions upon which we base our forward-looking statements are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in our forward-looking statements can be found in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended Dec. 31, 2021, filed with the Securities and Exchange Commission.

SOURCE SEI Investments Company