Internal Mobility Promotes Talent Alignment
and Diverse Perspectives
OAKS,
Pa., April 21, 2023 /PRNewswire/
-- SEI® (NASDAQ: SEIC) today announced leadership
changes to execute against its strategic focus on transforming
growth, investing in talent, and reigniting the company's
culture.
Following the alignment and integration of its asset management
businesses globally in October 2022,
SEI has made the following changes in leadership, reporting to
Wayne Withrow, Executive Vice
President and Head of Global Asset Management:
- Executive Vice President Paul
Klauder will transition from Head of SEI's Institutional
business to serve as Head of SEI's Advisor business, previously
lead by Withrow.
- Jay Cipriano will be Executive
Vice President and Head of SEI's Institutional business. Cipriano
was most recently Senior Vice President and Head of SEI's
Alternatives business, serving our U.S.-based alternative
investment manager clients within the Investment Managers
business.
- J. Womack will be Global Head of Investment Solutions. Womack
most recently served as Managing Director of Investment Products
and Personalization in our Advisor business, overseeing the
development and execution of product strategy.
With the promotion of Cipriano, SEI has made additional changes
in leadership, reporting to Phil
McCabe, Executive Vice President and Head of SEI's
Investment Managers business (IMS):
- Carmine Remo will be Senior Vice
President and Head of SEI's Alternatives business, responsible for
the operations and client servicing of SEI's U.S.-based alternative
investment manager clients. He most recently served as Chief
Operations Officer for IMS.
- Tessa Smith will be the Head of
Enterprise Clients, IMS' largest segment, and will lead operations
and relationship management. She previously served as Managing
Director of Alternative Accounting & Operations.
- Chad Longenecker will be Head of
IMS' Strategic Growth Clients segment and will lead operations and
relationship management. He previously served as Managing Director
of Private Equity.
CEO Ryan Hicke said:
"As the demand for outsourced solutions and services continues
to increase in the asset and investment management markets, I
believe we are well-positioned to capitalize on the opportunities
this trend presents. We need to constantly challenge ourselves,
embrace change, and align our top talent and capital with our
growth opportunities, and evolving our leadership will help us
maintain and accelerate the execution of our strategies in these
areas.
"We're keenly aware of the importance of preparing SEI for the
future, ensuring the next generation of leaders are diverse and
equipped for bigger things as our company grows. Talent mobility is
an invaluable tool for this initiative, and we will continue to
utilize it in driving SEI's short- and long-term success."
The company is not currently changing any of its segment
reporting in connection with these leadership changes, and the
aligned areas will maintain their market orientation. This news was
previously shared on SEI's first-quarter 2023 earnings call.
About SEI®
SEI (NASDAQ: SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to solve problems, manage change and help protect
assets—for growth today and in the future. As of March 31, 2023, SEI manages, advises, or
administers approximately $1.3
trillion in assets. For more information, visit
seic.com.
This release contains forward-looking statements within the
meaning or 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" and "continue" or "appear." Our forward-looking
statements include our current expectations as to:
- the strategic initiatives and business segments that we will
pursue and those in which we will invest
- the degree to which we will identify market opportunities and
are well-positioned or able to capitalize on those
opportunities;
- the client demand for outsourced solutions and services;
- whether evolving our leadership and fostering talent mobility
will help us maintain and accelerate the execution of our
strategies; and
- whether we will transform growth.
You should not place undue reliance on our forward-looking
statements, as they are based on the current beliefs and
expectations of our management and subject to significant risks and
uncertainties, many of which are beyond our control or are subject
to change. Although we believe the assumptions upon which we base
our forward-looking statements are reasonable, they could be
inaccurate. Some of the risks and important factors that could
cause actual results to differ from those described in our
forward-looking statements can be found in the "Risk Factors"
section of our Annual Report on Form 10-K for the year ended
Dec. 31, 2022, filed with the
Securities and Exchange Commission.
Company
Contact:
|
Media Contact:
|
Leslie
Wojcik
|
Kristina Pereira
Tully
|
SEI
|
Vested
|
+1
610-676-4191
|
+1
917-831-4286
|
lwojcik@seic.com
|
kristina@fullyvested.com
|
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SOURCE SEI Investments Company