SEI Opens Singapore Office to Support Growing Asset Management Sector in Asia

SINGAPORE and OAKS, Pa., Sept. 30, 2026 – SEI^® (NASDAQ:SEIC) today announced the opening of its Singapore office, a strategic milestone that extends the company’s global operations into one of the region’s most important financial centers. SEI will initially offer services aligned with current client demand and market opportunities, including asset servicing, professional services, and the distribution of SEI’s UCITS funds. As client adoption accelerates, the company expects to expand its regional capabilities, introduce additional locally relevant products, and further expand its enterprise asset management, technology, operations, and professional services offerings across Asia-Pacific.

This expansion supports the continued growth and influence of the region’s asset management sector. Sitting at the intersection of technology, operations, fund administration, and asset management, SEI’s launch in Singapore comes at a time of strong growth in the industry. Assets under management (AUM) at Singapore-based firms grew by 10% from the previous year to reach S$6.7 trillion in 2025, their highest ever level.¹ With a global outlook, Singapore-based asset managers source more than three-fifths of AUM outside Singapore and 88% is invested globally.²

SEI’s launch in Singapore follows a period of strong business momentum, with demand accelerating across its technology, operations, and investment capabilities. SEI provides asset servicing for 48 of the world’s 100 largest asset managers³ and is one of the top five largest administrators of private assets globally.⁴ The Singapore office will strengthen the company’s ability to support global clients with Asian operations or regional growth ambitions while creating a platform to build new relationships in one of the world’s leading asset management hubs.

Connall McGuckian has been named Managing Director, Head of Singapore, responsible for driving growth in Asia-Pacific through SEI’s integrated financial technology, operations, and asset management capabilities. McGuckian joins SEI from State Street Singapore, where he spent close to 14 years, most recently serving as Chief Operating Officer for the firm's Alternatives Investment Solutions in Asia-Pacific. He joined State Street in 2012 following its acquisition of Goldman Sachs Administration Services. Prior to that, he spent nine years at Goldman Sachs, relocating to Singapore in 2011 to establish Goldman Sachs Administration Services in Asia.

Sanjay Sharma, CEO of SEI International and Global Head of SEI’s Private Banking business, commented:

“Singapore is a critical market for SEI's growth in Asia-Pacific and an important milestone in the evolution of our international business. As part of our international growth strategy, we're investing in markets where we believe we deliver the greatest value to clients.

“Singapore's prominence as a global financial center, combined with the continued growth of the region's asset management industry, makes it an ideal location to expand our presence. Clients are increasingly looking for scalable, connected solutions that help them operate more efficiently, navigate complexity, and pursue growth across markets and jurisdictions. Connall's leadership and deep industry experience will be instrumental as we align SEI's capabilities with the evolving needs of clients in Singapore and across the broader Asia-Pacific region.”

McGuckian added:

"As Asia-Pacific financial services firms look to expand across markets and asset classes, they need strategic partners that can help them navigate change, facilitate scale, simplify complexity, and position them for long-term growth. SEI brings the global infrastructure, operational expertise, technology capabilities, and professional services to enable clients to operate more efficiently. Establishing a presence in Singapore allows SEI to tap into exceptional local talent while supporting the continued growth and evolution of Asia's asset management industry. I look forward to growing SEI's client base and bringing the strength of its global platform to clients across the region."

^1,2Monetary Authority of Singapore, Singapore Asset Management Survey 2025.
³Pensions & Investments’ “Largest Money Managers” 2025 ranking, as of June 30, 2026.
⁴Preqin, Private Assets Fund Administrator rankings, January 2026. Based on AUA.
 

About SEI^®

SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that’s money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets. For more information, visit seic.com.

Forward-looking statements

This communication contains forward-looking statements within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “expect,” “believe,” “can,” “continue,” “seek,” or similar expressions.

SEI’s forward-looking statements include its current expectations as to:

• the potential benefits of the expansion of SEI’s capabilities, products, and services in Singapore and across the Asia-Pacific region;
• the potential benefits of SEI’s Singapore office, including its ability to support clients, build new relationships, and grow its regional client base; and
• SEI’s ability to execute its international growth strategy and respond to evolving market opportunities and client needs.

You should not place undue reliance on any forward-looking statements, as they are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties, many of which are beyond management’s control or are subject to change. Although management believes the assumptions upon which the forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI’s forward-looking statements can be found in the “Risk Factors” section of SEI’s Annual Report on Form 10-K for the year ended Dec. 31, 2025, filed with the Securities and Exchange Commission. SEI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.