London, Aug. 12, 2021 – SEI (NASDAQ:SEIC) today announced that Nicola (Nicky) Benstead has been appointed Client Director of Defined Contribution (DC) for SEI’s UK Institutional Group. Benstead will be responsible for relationship management with SEI’s DC clients within the Master Trust.
Benstead brings extensive experience in the DC market to SEI, including client management and consulting roles. Most recently, she was head of Client Relations at Aegon, where she covered over 13,000 clients and more than £20 billion in assets under management. Prior to that, she served as head of DC Clients at BlackRock and as a senior consultant at Willis Towers Watson.
Commenting on her appointment, Benstead said:
“As the DC market becomes ever more competitive, I’m excited to join a client-focused company and team, where the values reflect that client needs matter, and innovation and collaboration are encouraged.”
Steve Charlton, Managing Director of Defined Contribution, EMEA and Asia, said of the appointment:
“Nicky’s appointment comes at a particularly exciting time as we’ve significantly enhanced our SEI Master Trust client offering over the past year. Her background and expertise in effective relationship management will help us maximise the use of new technologies designed to both support members and improve their retirement outcomes. We’re thrilled to add her to our growing team.”
About the SEI Master Trust
The SEI Master Trust provides a fully-bundled solution for employers delivering defined contribution (DC) schemes. An independently-assured DC provision, the Master Trust encompasses investment management, member communications and administration, as well as utilises a manager-of-managers platform established over 25 years ago and overseen by more than 115 in-house investment experts. With its global scale and 14-year heritage as one of the first U.K. Master Trust providers, the SEI Master Trust offers customised solutions and a complete member journey, guiding members through retirement and beyond.
About SEI’s Institutional Group
SEI’s Institutional Group provides institutional investors with outsourced investment management services and custom platforms to support insourced investment staffs. SEI is one of the first and largest global providers of outsourced or OCIO investment management services to the institutional marketplace and recently launched its Enhanced CIO services globally to institutional investors that desire to have internal resources. The company delivers these integrated solutions to approximately 450 clients in 9 countries, as of June 30, 2021. 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.
After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions designed to help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2021, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers approximately $1.3 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including approximately $399 billion in assets under management and $880 billion in client assets under administration.