LONDON, 6 Sept., 2018 – SEI (NASDAQ:SEIC) today announced that its Institutional Group has appointed Alistair Jones as an Advice Director, delivering strategic investment advice to the firm’s institutional client base of defined benefit and defined contribution pension schemes, as well as charities. Jones will be based in the company’s London office and report to Charles Marandu, Managing Director of U.K. Institutional Advice.
With over 17 years of industry experience, Jones joins SEI from Schroders, where he spent the last seven years as an Investment Strategist within its Portfolio Solutions team. He previously worked within Aon Hewitt’s investment practice and in the actuarial business at Watson Wyatt.
Commenting on the appointment, Marandu said:
“Alistair has great experience working with institutional clients from the technical and client-facing sides of the advisory process, and we are delighted to have him join the team. Alistair will add to SEI’s capability in delivering tailored investment strategies that meet each of our client’s particular needs. As defined benefit schemes continue to mature, his experience in designing liability and cashflow-driven investment strategies will be an important strength.”
Jones, commenting on his appointment, said:
“SEI has built an impressive business managing pension scheme assets in the U.K. over the last decade, and I look forward to helping more schemes benefit from their compelling fiduciary approach. As a leading asset manager, SEI’s attractiveness lies in the company’s ability to provide market insight and seamlessly implement best-in-class specialist managers, giving them a competitive market edge.”
About Fiduciary Management
Fiduciary Management is defined as a pension management solution which focuses on achieving the long-term goals of a pension scheme (including funding) within a defined risk management framework by providing both day-to-day investment management and advisory services. An enhanced chance of meeting funding goals is achieved through the Trustee body working in partnership with the Fiduciary Manager who has the resources to offer a proactive approach to decision-making, both in terms of manager replacement (via the manager-of-managers model) and asset allocation changes. In practice, this means that trustees can focus on key strategic issues whilst knowing that the Fiduciary Manager is accountable to the trustees for the overall performance of the fund.
Benefits of working with a Fiduciary Manager include:
- Particular focus on funding goals of company and overall goals of pension scheme by combining advice and implementation
- Time savings allowing increased focus by trustees on strategic issues
- Potential cost savings by working with one provider on an asset-based fee
- The comfort of a single point of contact who is accountable for manager selection decisions
- Diversification amongst managers within asset classes
- Continuous manager research, monitoring and replacement
SEI’s OCIO for Charities Proposition
SEI advises on more than £20 billion for over 140 charitable endowments in the U.S. and globally. Its “Investment Management for Charities” proposition utilises SEI’s significant scale and award-winning manager-of-managers approach to benefit from customised and cost-effective investment strategies based on, and integrated with, a charity’s specific return and liquidity requirements.
About SEI’s Institutional Group
SEI’s Institutional Group is one of the first and largest global providers of outsourced investment management services. The company delivers integrated retirement, healthcare and non-profit solutions to more than 485 clients in 12 countries. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfill their due diligence requirements through implemented strategies for the management of defined benefit plans, defined contribution plans, endowments, foundations and board-designated funds. For more information visit: seic.com/institutional-investors.
Now in its 50th year of business, SEI (NASDAQ:SEIC) is 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 June 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $882 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $331billion in assets under management and $545billion in client assets under administration. For more information, visit seic.com.