SEI Launches Corporate Governance, Social And Environmental Engagement Service For UK And European Clients

First Fiduciary Manager in Europe Offering Manager-of-Managers Funds to Provide Engagement Service

LONDON, 10 June 2009 – SEI (NASDAQ: SEIC), the first and largest global provider of Fiduciary Management services, today announced that it has strategically partnered with F&C Management Limited (F&C) to launch an engagement service for its Dublin registered equity funds. The service is a further expansion of SEI’s Fiduciary Management offering for pension funds in the UK and highlights SEI’s position as the only Fiduciary Manager in Europe to incorporate engagement for manager-of-managers funds.

SEI will use F&C’s Responsible Engagement Overlay (reo^®) service which provides constructive dialogue with companies on corporate governance, social and environmental issues. Engagement will take place with corporations whose stock is prominently held within the SEI Equity Funds.

As speeches at the National Association of Pension Funds (NAPF) conference in March this year revealed, corporate governance is an important issue for pension funds and a serious responsibility for trustees. By delegating to SEI as a Fiduciary Manager, trustees are able to fulfil these investment responsibilities in a simple and beneficial way. A manager-of-managers investment process uses pooled funds which means that engagement can be executed consistently across all funds in contrast to the piecemeal process often experienced by pension funds seeking to engage as shareholders individually. Importantly, the overlay process provides an opportunity to engage and vote across portfolios without restricting the stocks in which underlying managers can invest.

Commenting on the announcement Patrick Disney, Managing Director of SEI’s Institutional Business for EMEA said:

“We are very pleased to announce the addition of this important service to our Fiduciary Management offering in the UK. At SEI, we believe that a key part of our duties as a Fiduciary Manager involves the ability to offer an appropriate level of governance covering environmental, social and corporate governance issues. We appointed F&C because of the depth and breadth of their engagement process and the fact that they are widely recognized as Europe’s oldest, largest and most innovative SRI specialist. We were attracted to an engagement process because it allows for improved governance without compromising the choice of our managers or their stock selection in any way.”

About SEI’s Institutional Group

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 has over 500 fiduciary management clients worldwide. In 2004, SEI became the first to offer a fiduciary management solution that integrates assets, liabilities and overall organisational finances by incorporating risk management, investment advice, implementation, oversight, trust/custody, and a unique modelling process. The company provides these services to pension fund, healthcare, charity and endowment clients worldwide. For more information visit www.seic.com/institutions.

About SEI

SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of March 31, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $354 billion in mutual fund and pooled assets and manages $123 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.com.

About Fiduciary Management

Fiduciary Management is defined as a pension management solution which focuses on achieving the long-term goals of a pension fund within a defined risk management framework by providing both day-to-day investment management and advisory services. The approach enhances pension governance and decision-making by delegating the risk management and investment advice, implementation and oversight of the pension fund to one provider. In practice, this means that trustees can delegate the day-to-day management of the pension fund to one provider, the Fiduciary Manager, who is accountable to the trustees for the overall performance of the fund.

Benefits of working with a Fiduciary Manager who implements manager-of-managers funds:

• One point of contact, rather than multiple advisers and asset managers 
• Time savings, allowing increased focus by trustees on strategic issues 
• Potential cost savings, by working with one provider on an asset-based fee 
• Single focus on overall goals of the pension scheme, by combining advice and implementation 
• The comfort of a co-fiduciary who is accountable for manager selection decisions 
• Diversification amongst managers within asset classes 
• Continuous manager research, monitoring and replacement