JOHANNESBURG, Sept. 1, 2020 SEI (NASDAQ:SEIC) today announced that Santoshi Jugmohun has been appointed Managing Director and Head of Operations for SEI’s Institutional Group in South Africa. With the company since 2002, Jugmohun will be responsible for overseeing all new business development, as well as client relationship and governance activities for the institutional market in Africa.

Commenting on her appointment, Ian Love, Head of SEI’s Institutional Group, EMEA and Asia, said:

“After 18 years of dedication to SEI, Santoshi’s appointment is a testament to her long-term dedication to our company and the industry. Her extensive knowledge of the business and track record at SEI, combined with her knowledge of the South African market, make her the perfect candidate to lead the South African office.”

Paul Klauder, Executive Vice President and Head of SEI’s Institutional Group, said:

“Our best investment is in our people, and we are excited to recognise successes like Santoshi, who has been key to the South African business’ success over the years. She has also been instrumental in maintaining our Broad-Based Black Economic Empowerment (BBBEE) compliance ratings. We are confident Santoshi will lead the business in line with SEI’s values and goals.”

Jugmohun is a member of the Institute of Financial Markets (MIFM) and the Institute of Directors, Certified Dir® and a Certified Ethics Officer. She also serves as a member of the Audit Committee of the Institute of Retirement Funds Africa.

About SEI South Africa

SEI founded its South African business in 1995 and has an established office in Melrose Arch, Johannesburg, offering a fully-staffed team with wide-ranging expertise. Since its first mandate in 1997, SEI has met the needs of South African offshore investors who are looking for a world-class partner, with the resources and experience to add value to their global investment strategies through a manager-of-managers program. SEI’s goal is to build solutions that are structurally appropriate for South African retirement/pension funds and to provide clients with the highest level of service and information to effectively run their retirement fund investments.

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 has launched its Enhanced CIO services globally to institutional investors that desire to have internal resources. The company delivers these integrated solutions to more than 470 clients in 12 countries, as of June 30, 2020. 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.

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 June 30, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $1 trillion in hedge, private equity, mutual fund and pooled or separately managed assets, including $318 billion in assets under management and $693 billion in client assets under administration. For more information, visit seic.com.