SEI Adds 3 Industry Veterans to Support Institutional Business Growth

SEI Adds 3 Industry Veterans to Support Institutional Business Growth 
New Resources Bring Additional Investment Expertise to Robust OCIO
OAKS, PA -- (Marketwire) -- 03/11/13 --  SEI (NASDAQ: SEIC) today
announced the expansion of its U.S. Institutional team with the
addition of three industry veterans. The roles were created to
support the record $9.4 billion in new institutional assets that SEI
added in 2012 and the projected growth in the outsourced chief
investment officer (OCIO) marketplace over the next few years. The
positions will work with current and potential clients in the defined
benefit, defined contribution, healthcare, and nonprofit markets to
provide custom discretionary services, including ongoing investment
manager selection and oversight and portfolio management. SEI
currently has more than 450 OCIO clients worldwide, representing $64
billion in assets.* 
SEI added one senior-level position to its Institutional Business
Development Team. Joseph Mulford serves as Managing Director for the
foundation and endowment market and is responsible for fostering new
business relationships, overseeing new client transition management
and promoting SEI's OCIO solution to nonprofit organizations. With
more than 20 years of experience in the investment management
industry, Joe most recently worked for Russell Investments, where he
oversaw new business development and relationship management for the
company's nonprofit institutional clients. Prior to that position, he
served six years as Managing Director, Client Sales and Service for
"SEI saw incredible new business growth in our OCIO business last
year in all markets, and we continue to see strong interest in
investment outsourcing by nonprofit organizations," said Paul
Klauder, Vice President and Managing Director of Business
Development, SEI's Institutional Group. "Joe brings extensive
experience in working with foundations and endowments to identify
their top investment goals and challenges and creating the best
custom solutions to fit their needs." 
SEI added two senior-level positions to its Institutional
Relationship Management Team: 

--  Glenn Harris serves as Senior Relationship Manager and oversees
    investment strategy development and implementation for SEI's defined
    benefit, defined contribution, healthcare and nonprofit clients. In
    his new role, Glenn delivers ongoing strategic advice, manages complex
    relationships, provides timely reporting and analysis to clients'
    senior management and committees, and works with clients on investment
    policy and portfolio development. Glenn also comes to SEI from Russell
    Investments, where he spent more than 13 years in a relationship
    management capacity and was responsible for leading clients in the
    defined benefit, defined contribution and nonprofit market segments.
    Prior to Russell, he was a relationship manager for J.P. Morgan's
    defined contribution clients.
--  Daniel McFadden serves as Senior Relationship Manager and oversees
    investment strategy development and implementation for SEI's defined
    benefit, defined contribution, healthcare and nonprofit clients. Dan
    brings more than 20 years of investment experience to his role and
    expertise in working with institutional investors of all sizes and
    markets, with a special focus on investment policy and portfolio
    development for corporate, public and Taft-Hartley pension plans and
    nonprofit foundations. Prior to joining SEI, Dan spent eight years as
    the Senior Managing Director of Global Client Service for Turner
    Investments, where he oversaw client service efforts for the entire
    firm. Prior to that role, he was Senior Vice President of Client
    Service for Brandywine Global Investments, where he was responsible
    for the relationship management of institutional clients across all
    markets. Dan is a Certified Public Accountant.

"As our 20-year outsourcing business continues to grow, SEI is
committed to adding the necessary expert resources to support our
clients in managing their investments," said Roger Messina, Vice
President and Managing Director of Relationship Management, SEI's
Institutional Group. "SEI provides investment outsourcing solutions
to more institutional investors than any provider in the world and we
are fortunate to add experienced professionals like Glenn and Dan to
our client service team." 
In December 2012, SEI was named one of Pensions & Investments' "Best
Places to Work in Money Management," ranking fourth among companies
with more than 1,000 employees. 
*As of December 31, 2012 
About SEI's Institutional Group
 SEI's Institutional Group is one of
the first and largest global providers of outsourced fiduciary
management investment services. The company began offering these
services in 1992 and today acts as a fiduciary manager to more than
450 retirement, nonprofit and healthcare clients in seven 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  
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 December 31, 2012, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $458 billion in mutual fund and
pooled or separately managed assets, including $201 billion in assets
under management and $257 billion in client assets under
administration. For more information, visit 
Company Contact:
Laura Edling
+1 610-676-2459 
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