LONDON, 31 Oct., 2018 – SEI (NASDAQ:SEIC) today announced that Ian Love has been named as the head of SEI’s Institutional Group EMEA and Asia. Love, a managing director and long-term employee, takes over the position now from Patrick Disney, who will retire from SEI in March 2019 after almost 20 years with the company. Disney will continue to serve in an advisory role at SEI, focusing on global strategy and remaining on the boards of SEI Investments Europe Limited (SIEL) and SEI Investments South African Limited (SISAL).
With over 15 years of tenure in SEI’s Institutional Group, Love has been at the forefront of driving SEI’s growth in fiduciary management and DC Master Trust. He has worked directly for Disney for over six years as a managing director in the institutional business and previously held roles in sales and relationship management in the U.K. and at SEI’s corporate U.S. headquarters. Love will report to Paul Klauder, Executive Vice President and Head of SEI’s Institutional Group.
SEI also appoints Charles Marandu as Head of Client Strategy for EMEA and Asia, reporting to Love. Marandu now leads a team responsible for managing all aspects of the SEI client experience, including strategic advice and client service. He assumes the position from Nigel Down, who will retire from SEI at the end of November 2018. Serving as a leader in SEI’s U.K.-based institutional advice team for over 12 years, Marandu brings considerable experience to this role.
Commenting on the announcement, Klauder said:
“I have been working with Patrick and Ian on succession planning since the beginning of this year. I am extremely confident in Ian’s abilities to lead this business achieving a seamless transition and continuing to deliver market-leading solutions to our institutional clients. Ian has been an integral part of the Institutional Group for many years, and he has played a major role in securing our strong position in the EMEA and Asian markets.
We have been privileged to have Patrick at the helm of the institutional business in EMEA and Asia for so long. Patrick joined SEI almost twenty years ago and is directly responsible for building our institutional business and establishing SEI as a leader in both fiduciary management and DC Master Trust. Nigel has also been a leader in SEI’s institutional group for almost two decades, working tirelessly to ensure that we have maintained deep and successful relationships with our clients. I wish Nigel and Patrick well as they begin this new chapter of their lives.”
Commenting on his appointment, Love said:
“It has been a fantastic experience to work alongside Patrick, Nigel and my other institutional peers to serve our institutional clients and prospects and I am excited to take on this new opportunity. Over the last 12 months, we have been able to build on the considerable strength of our existing institutional team with several high-level appointments, including Steve Charlton, Head of DC and Solutions EMEA and Asia; Louise Whyte, DC Sales Director; Alistair Jones, Advice Director; and Wendy Gill, Head of Institutional Operations EMEA and Asia. I am confident that we have the right team in place as we continue our growth and adapt our solutions, meeting and anticipating the needs of institutional investors.”
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 nonprofit solutions to more than 485 clients in 12 countries, as of Sept. 30, 2018. 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.
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 Sept. 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $920 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $339 billion in assets under management and $576 billion in client assets under administration.