SEI's UK Institutional Business Adds £1.7 Billion in Assets

August 30, 2017

Interest in Fiduciary Management Increases as Business Grows Significantly in 12 Month Period

London, 30 Aug., 2017– SEI (NASDAQ:SEIC) reported significant growth in its fiduciary management business in the U.K., with the addition of £1.7 billion in new assets, all secured through competitive tenders, over the last 12 months to the end of June 2017. In an interesting trend, indicative of the growing appeal of Fiduciary Management at the larger end of the Defined Benefit scheme market, SEI’s average client size in the U.K. is increasing, with the company winning a client with more than £1 billion in assets during this time period.

SEI attributes its recent growth to a number of factors; most importantly, the company’s heritage, experience, and success as a specialist Fiduciary Manager, which sets the company apart from its competitors from the investment consulting sector. SEI currently manages assets for over 475 institutional clients worldwide representing over £68.2 billion in assets (As at 30 June 2017).

Commenting on the success of the U.K. business, Patrick Disney, Managing Director of SEI’s Institutional Group for EMEA and Asia said:

“SEI’s significant growth in the U.K. over the last 12 months serves as a testament to the strength of our Fiduciary Management solution, which is tailored to each client’s specific funding objectives. It is particularly positive to see our client base expanding to include schemes of more than £1 billion, as larger pension schemes recognize the value of working with a Fiduciary Manager. We expect this trend to continue over the coming years.

The substantial expansion of our client base reflects a growing consensus in the market that a specialist approach to Fiduciary Management is desired by Trustees. This is particularly pertinent in light of the FCA’s recent Asset Management Market Study, which identified significant concerns regarding conflicts of interest amongst investment consultants offering both a Fiduciary Management and traditional consulting business model.”

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 480 clients in 13 countries. 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. 

About Fiduciary Management

SEI’s Institutional Group is the first and largest global provider of Fiduciary Management services. The company began offering these services in 1992 and currently manages over 475 accounts for fiduciary management clients worldwide. SEI became the first to offer a fiduciary management solution that integrates assets, liabilities and overall organizational finances by incorporating risk management, investment advice, implementation, oversight, trust/custody, and a unique modelling process.

About SEI

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 30 June 2017, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $809 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $307 billion in assets under management and $497 billion in client assets under administration. 

Legal Note

Important Information
This information is issued by SEI Investments (Europe) Limited, 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, United Kingdom, which is authorized and regulated by the Financial Conduct Authority.