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SEI Bolsters Global Leadership with Key Appointments in Luxembourg

1. SEI appointed three leaders to enhance global operations and drive growth. 2. SEI is Luxembourg’s largest private credit fund administrator by assets. 3. The appointments aim to improve client service for European fund clients. 4. SEI recently surpassed $1.5 trillion in alternative assets under administration.

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Why Bullish?

New leadership and focus on growth should positively influence SEIC's market position and valuations, similar to past leadership changes leading to stock rallies.

How important is it?

The article presents a direct impact on SEI's growth strategy, influencing its market dynamics significantly.

Why Long Term?

These strategic appointments may lead to sustained operational improvements and growth over time, as seen in past expansion strategies at SEI.

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SEIC
Leaders to Support Strategic Growth Across Global Operations , /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced the appointment of three key leaders in Luxembourg as part of the company's strategic focus on scaling its global operations and expertise to drive growth. In Luxembourg, SEI ranks seven out of 129 fund administrators for assets under administration (AUA).1 SEI is also the largest private credit fund administrator by assets globally2 and the largest fund administrator for private market funds in Luxembourg that are managed by a U.S. firm.3 Reporting to Ian MacWilliams, Managing Director of SEI's Luxembourg office: Claire Matteucci serves as Head of Depositary, overseeing depositary services, which SEI recently launched in Luxembourg. With nearly 20 years of industry experience, Matteucci most recently was Head of Depositary for Standish Management Luxembourg, and she's held various roles at PwC Luxembourg, including as an external auditor for Undertakings for the Collective Investment in Transferable Securities (UCITS) and alternative investment funds, as well as in risk management. Bringing two decades of experience, Manuel Martin de Rosales is Conducting Officer, responsible for compliance and risk. Prior to joining SEI, de Rosales served as Head of Compliance at Brookfield Asset Management and Oaktree Capital Management, where he supported product development and strategy for credit, private equity, real estate, infrastructure, and UCITS offerings. He also previously held roles in depositary, audit, and compliance at BNY Mellon and Brown Brothers Harriman. Laurent Scherer serves as Business Development Director, bringing expertise in asset services, business development, and client services after nearly 20 years in the industry. Responsible for client engagement and service development at SEI, he most recently served as Business Development Director at Gen II Fund Services. During his career, he has held leadership positions across fund administration, depositary, ManCo, and alternative investment fund management functions at BNP Paribas and Apex Group Luxembourg. Commenting on the appointments, MacWilliams said: "Luxembourg is a premier hub for global fund management, offering a diverse range of funds and a highly skilled workforce. Our European Operations team are conveniently located in Luxembourg, Dublin, and the U.K., so our clients benefit from a dedicated team who are embedded into their cultures and products. We are thrilled to welcome Claire, Manuel, and Laurent to SEI and expand our team of world-class talent. The depth and breadth of their expertise will enhance our client service and solution delivery for firms domiciling funds in Europe." With operational centers in Oaks, PA, London, Dublin, and Luxembourg, SEI delivers a cohesive, integrated operational platform and client service model that provide clients with transparency into their data and day-to-day fund operations. In addition to surpassing $1.5 trillion in alternative AUA in its Investment Managers business, SEI recently opened new office space in Dublin to support its global growth. 1 Preqin as of Sept. 3, 2024.2 Preqin as of Jan. 31, 2024.3 Preqin data based on AUA as of Sept. 3, 2024. 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 help drive growth, make confident decisions, and protect futures. As of Sept. 30, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit seic.com. About SEI's Investment Managers businessSEI's Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in a landscape of escalating business challenges. SEI's global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. The company's services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 320* traditional asset managers, alternative managers, and sovereign wealth managers, including 43 of the top 100 asset managers worldwide.** For more information, visit seic.com/ims. *Does not include family office clients.**Based on Pensions & Investments' "Largest Money Managers" 2023 ranking. SOURCE SEI Investments Company WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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