SEI Welcomes Regulatory Specialist to UK Private Banking Team

9 April 2019

Strategic Hire Reflects SEI’s Commitment to Supporting Wealth Managers with Regulatory Burden

LONDON, 9 April, 2019 – SEI (NASDAQ:SEIC) today announced the appointment of Alison Schiffer as U.K. Regulatory Solutions Manager for the SEI Wealth PlatformSM (the Platform). Schiffer will be responsible for the development and delivery of services to support regulatory compliance for Platform clients and will report to U.K. Solutions Director Helen Oxley.

"Her appointment reflects our long-held belief in the importance of supporting clients tackling the considerable challenge of regulatory compliance."

With more than 20 years’ experience in private banking and wealth management, Schiffer joins SEI from Mizuho Bank, where she was a Regulatory Programme Manager responsible for establishing the bank’s MiFID II project and implementing regulation for all European offices. Prior to that role, Alison spent several years at Coutts and Co., latterly serving as a Programme Manager responsible for leading MiFID II Product Governance and assessing the business impact of regulatory change.

With an approach that combines people, process and technology, SEI supports wealth management clients through regulatory change. The SEI Wealth Platform facilitates collaboration between clients to clarify regulatory requirements and achieve consensus on how best to meet compliance demands. This strategic partnership approach was successfully executed in the time leading up to MiFID II, when SEI facilitated engagement with the regulator and assisted in ensuring fit-for-purpose solutions through client workshops.

On Schiffer’s appointment, Oxley added: 

“Alison has a vast amount of knowledge and experience in wealth management and the impact of regulation. Her appointment reflects our long-held belief in the importance of supporting clients tackling the considerable challenge of regulatory compliance. We recognise that our industry faces the burden of a continuous cycle of regulatory change, and it is imperative that we are able to provide the robust services capable of evolving to meet these new requirements. We look forward to working with Alison as we continue to enhance our Platform regulatory services for our clients.”

Commenting on her appointment, Schiffer said: 

“With regulation placing more emphasis and reliance on technology, I’m delighted to have joined a firm looking to lead the industry in this area. I was attracted to SEI’s focus on finding innovative solutions, which not only comply, but create opportunities for our clients. I share the belief that regulation must be at the forefront – and not an afterthought – if firms want to remain relevant. Solutions require adaptive technology that can meet the demands of an evolving regulatory landscape, and I look forward to working within these complexities to meet both the current and future regulatory challenges our clients face.”  

About the SEI Wealth Platform

The SEI Wealth Platform (the Platform) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. The SEI Wealth Platform supports trading and transactions on 158 stock exchanges in 56 countries and 43 currencies, through the use of straight-through processing and a single operating infrastructure environment. 

About SEI 

After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Dec. 31, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $884 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $307 billion in assets under management and $573 billion in client assets under administration.