SEI Targets Growth In Canada
Company Expands Canadian Team
TORONTO, Dec. 16, 2009 - SEI (NASDAQ: SEIC) today affirmed its strategic commitment to grow its Canadian operations with the appointment of five new team members to the Canadian Private Banks segment. Among them is Janesse McPhillips, Managing Director, SEI’s Private Banks segment, responsible for strategic direction and relationship management of all SEI distribution partners in Canada.
This expansion will support SEI’s emphasis on product innovation, thought leadership, and education in the Canadian market.
“2010 will be an important year for SEI in Canada – and we now have the people, the priorities, and the plan in place to lead and thrive in this vibrant and key market,” said Jim Morris, Senior Vice President, SEI’s Private Banks segment. “The addition of Janesse McPhillips, who brings strong relationship building and strategic capabilities to our senior management team, will further contribute to SEI’s long-term plan for asset growth in Canada.”
“I look forward to working with the SEI team and continuing to demonstrate SEI’s leadership by bringing the best of our global thinking in the form of innovative product solutions and advisor services to the Canadian marketplace,” said Janesse McPhillips.
Ms. McPhillips comes to SEI after nearly two decades with BMO Nesbitt Burns. She has proven success working with investment advisors as well as exposure to both the corporate and retail advisory businesses with Nesbitt Burns. The other new appointments enhance key areas of the business, such as sales and marketing.
In addition to the recent additions to its Canadian operations, SEI previously announced the introduction of two new portfolios in Canada, the SEI Canadian Balanced Portfolio and SEI Canadian Growth Portfolio. The Canadian focused Portfolios were developed to offer investors the benefits of diversification of time horizons and limiting foreign exposure.
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.