SEI Defined Benefit Client Wins Top Treasury Award
Diakon Lutheran Social Ministries Becomes Second SEI Client In Three Years to Win Alexander Hamilton Award
OAKS, Pa., Oct. 29, 2009 – SEI (NASDAQ: SEIC) today announced that one of the company’s institutional clients – Diakon Lutheran Social Ministries – was recognized with an Alexander Hamilton Award at the 14th annual awards ceremony last night in New York City. Diakon received the Silver award in the category of “Retirement and Benefits” for their overall pension plan management. Diakon is the second client of SEI’s Institutional Group within the past three years to win an Alexander Hamilton Award; SAP America was recognized with the Bronze award in the same category in 2007.
“Diakon’s internal finance and human resources teams should be congratulated on their vision and their openness to new ideas and strategies around implementing a unique pension management strategy,” said Roger Messina, Vice President and Managing Director, Relationship Management for SEI’s Institutional Group. “SEI is proud that our clients continue to be recognized for their implementation of innovative strategies and we are pleased to partner with such a strong organization.”
Now in their 14th year, the Alexander Hamilton Awards recognize excellence in treasury management and finance at the nation’s finest organizations. Specifically, Diakon was awarded with the Silver award in the category of “Retirement and Benefits” because of their strategic decision-making regarding asset allocation, risk management and plan funding levels. Diakon had previously made the decision to outsource the investment management of the defined benefit plans to SEI’s Institutional Group. Through that relationship, SEI used its PensionConnect 360TM solution to provide Diakon with ongoing strategic advice and financial modeling and forecasting.
About SEI’s Institutional Group
SEI’s Institutional Group delivers integrated healthcare, retirement and nonprofit investment solutions to more than 500 global institutional clients (of which 340 are U.S. based) in six different countries. SEI enables clients to meet financial objectives, reduce business risk, and fulfill their due diligence requirements through implemented fiduciary management strategies for defined benefit plans, defined contribution plans, endowments, foundations and other balance sheet assets. For more information, visit www.seic.com/institutions.
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 September 30, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $383 billion in mutual fund and pooled assets and manages $156 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.