SEI gains assets through fiduciary approach

arrow_graph_upSEI, a Nasdaq-listed fund manager with operations in Europe, said it had increased assets under management by £1.7 billion (€2.1 billion) in the first quarter of the year.

The firm said it had seen strong global institutional sales resulting in seven new clients, including Albion Automotive in the UK.

Albion Automotive represented a £61 million fiduciary management win for SEI and is one of five fiduciary management clients won in the last six months in the UK.

Patrick Disney, managing director of SEI’s institutional business that covers Europe, said the growth pointed to increased market demand for global fiduciary managers who focus on achieving pension-scheme funding-level goals by integrating the management of assets and liabilities.

As of March 31, 2012, through its subsidiaries and partnerships, SEI had $189 billion (€145.2 billion) in assets under management.

©2012 funds europe