OAKS, Pa., Aug. 28, 2018 – SEI (NASDAQ: SEIC) today announced the appointment of Scott Muench as Regional Director of Defined Contribution Sales for its Institutional Group. In this role, Muench will lead business development for the group’s Defined Contribution program, which serves institutional investors and plan sponsors throughout the United States. He will be based in SEI’s Chicago office and report to Mike Cagnina, Vice President and Managing Director of SEI’s Institutional Group.
“We are thrilled to welcome Scott to the SEI family, as his depth of experience in selling investment products and discretionary investing to defined contribution plan sponsors complements SEI’s existing resources that are focused on this area of our business,” said Cagnina. “He understands the industry and the driving forces behind the growing trend of plan sponsors’ shift toward a discretionary investment management model. We are confident he will be very valuable in helping grow SEI’s presence in this market.”
With more than 20 years of experience in the investment industry, Muench joins SEI from Northern Trust Asset Management, where he most recently served as Managing Director. Muench was responsible for leading new business development in 20 states, as well as creating and implementing sales business plans and increasing penetration into target markets, which included corporations, insurance companies, foundations and endowments.
SEI has managed assets for Defined Contributions for over 20 years and continues to focus on growth in this segment. The company’s Defined Contribution business currently consists of over 55 clients, representing $16.5 billion in assets, which has increased by over $3 billion since the start of 2016.*
*As of June 30, 2018.
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 June 30, 2018. Our solutions are designed to help clients meet financial objectives, reduce business risk and fulfil 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 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 $331 billion in assets under management and $545 billion in client assets under administration.