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SEI Expands Team To Support Growing Fiduciary Management Business

LONDON, 28 May, 2012 Ė SEI (NASDAQ:SEIC) today announced the appointment of David Hickey as a Director within the companyís Institutional Group in London. David will be responsible for formulating and delivering strategic advice to SEIís fiduciary management clients and prospects in Europe. He brings considerable experience in liability driven investing to SEI, which will prove invaluable to both SEI and its fiduciary management clients.

This appointment is further evidence of the increasing interest in SEIís fiduciary management business in Europe, which has grown considerably over the last two years. SEIís Institutional Group recently reported that a record five U.K. fiduciary management clients have been secured in the last six months, taking the total number of fiduciary management clients to over 450 globally.

Prior to joining SEI, David spent the majority of his career at Barclays Capital, latterly as head of U.K. and Ireland Pension Origination. Prior to this, David qualified as an accountant at Price Waterhouse Coopers LLP. Directly before joining SEI, David was a director of fiduciary management at Russell Investments in the U.K.

Commenting on Davidís appointment, Al Pierce, Managing Director, Solutions Advisory Team for SEIís Institutional Group, said:

ďWe are very pleased to welcome David to the team at SEI. Davidís considerable experience in the asset liability modelling of pension risk, as well as the structuring of investment and derivative solutions, will be invaluable to the team and will assist us in delivering sophisticated and innovative solutions to our fiduciary management clients. The U.K. fiduciary management market continues to grow at pace, and this hire reflects the significant growth and success of SEIís institutional business.Ē

About SEIís Institutional Group

SEIís Institutional Group is the first and largest global provider of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to approximately 450 retirement, nonprofit and healthcare clients in six different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit: http://www.seic.com/institutions.

About SEI

SEI (NASDAQ:SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit www.seic.com.