SEI Adds 24 New Institutional Clients in 2010
Substantial Five-Year Growth Validates Increasing Popularity of Investment Outsourcing
Feb 03, 2011, 09:00 ET
OAKS, Pa., Feb. 3, 2011 /PRNewswire/ -- SEI (Nasdaq: SEIC) today announced strong 2010 global institutional sales resulting in 24 new institutional clients including LaSalle Steel Company (U.S.), Cape Regional Health System (U.S.), Jeyes Pension Fund (U.K.), and City of St. John's (Canada). SEI's 2010 success concludes a five-year trend of more organizations shifting to an outsourced model for investment management. From 2006 - 2010, SEI added 212 new worldwide institutional clients and nearly $27 billion in new institutional assets under management.
"SEI's continued global client growth is a validation of the benefits of outsourcing to an external fiduciary manager. In all of our global markets, we have seen unprecedented levels of interest in our solutions and we fully expect ongoing challenges in investment management to continue to increase the demand for these services," said Edward Loughlin, Executive Vice President, SEI and head of SEI's Institutional Group.
While an overall increased interest in investment outsourcing has helped SEI's growth in the U.S., new clients pointed to the company's comprehensive risk-focused abilities as a key differentiator. SEI helps clients integrate organizational financial goals with portfolio decisions to best manage risk. Clients benefit from stronger governance designed to meet the organization's and investment portfolio's long-term goals, manage against liabilities, and exploit short term market inefficiencies to increase return and/or mitigate risk. In 2010, an SEI institutional client was recognized with an industry award for changes made as a result of SEI's advice and implementation services for the fourth time.
"Many institutional investors are looking for ways to maximize their overall risk management process and our solutions continue to be at the forefront because of SEI's proven ability to provide the most comprehensive approach," said Paul Klauder, Vice President, SEI's Institutional Group.
About SEI's Institutional Group
SEI's Institutional Group delivers integrated healthcare, retirement and nonprofit investment solutions to more than 500 global institutional clients (of which 340 are U.S. based) in six different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented fiduciary management strategies for defined benefit plans, defined contribution plans, endowments, foundations and other balance sheet assets. For more information, visit www.seic.com/institutions.
SEI (Nasdaq: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of December 31, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $416 billion in mutual fund and pooled assets and manages $172 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit http://www.seic.com.
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