LONDON, UNITED KINGDOM–(Marketwired – Jan 22, 2014) – SEI (NASDAQ: SEIC) announced today the appointment of Brett Williams as U.K. Managing Director, SEI Wealth Platform(SM). Brett is responsible for leading the U.K. Private Banks team and will oversee the operation and continued growth of the SEI Wealth Platform in the U.K. market.
Brett has worked in financial services for 30 years and joins SEI from LW2 Private Equity Partnership, where he was Partner. He has held various senior roles in the industry including CEO of Cofunds, CEO of Selestia, and CEO of Skandia U.K., following Old Mutual’s acquisition of the Skandia Group.
SEI also announced the appointment of Jim London to U.K. Chief Operating Officer. A long-term employee of SEI, Jim will continue to lead SEI Wealth Platform solution development efforts in the U.K. and will now also oversee operations and change management.
Brett’s and Jim’s appointments follow the recruitment of Darren Bayley as a U.K. Solutions Director, in December, and point to SEI’s on-going commitment to growing its U.K. Private Banks business.
Commenting on the changes, Joseph P. Ujobai, Executive Vice President of SEI, said:
“We are very pleased to welcome Brett to our team. His knowledge of the industry, market profile, and proven track record in building and leading successful businesses will be an important asset as SEI continues to grow in the U.K. market. He has a long history with SEI on the client side, is familiar with SEI’s culture, and will be a great addition to my leadership team.
“As U.K. Solutions Director, Jim has played an integral part in establishing and growing SEI’s U.K. Private Banks business over the past five years. We are confident that in his new role as Chief Operating Officer, he will further strengthen SEI’s commitment to the U.K. market.
“Regarding Ryan Hicke, I thank him for his tremendous leadership in the U.K. and look forward to his return to the U.S. as we expand the global rollout of the SEI Wealth Platform.”
Commenting on his new role, Brett Williams said:
“I’m thrilled to be joining SEI at such an exciting time for the company. SEI has always been dedicated to developing market leading solutions for its clients and I look forward to working with the team as we continue SEI’s growth journey.”
Ryan Hicke has been promoted to Senior Vice President and will return to the U.S. to assume an executive position within SEI’s Private Banks business.
Commenting on his promotion, Ryan Hicke said:
“I greatly value my time in the U.K. The market is entering an exciting stage of growth opportunities within wealth management. Over the past few years we have built a strong local organization and Brett is the perfect person to take the reins and lead us forward. I will remain heavily involved with our large global clients and look forward to working with Brett as members of the SEI Private Banks leadership team.”
About the SEI Wealth Platform(SM)
The SEI Wealth Platform (the Platform) is an outsourcing solution for wealth managers encompassing wealth processing services and wealth management programs, combined with business process expertise. With the Platform, SEI provides wealth management organizations with the infrastructure, operations, and administrative support necessary to capitalize on their strategic objectives in a constantly shifting market. The SEI Wealth Platform supports trading and transactions on 106 stock exchanges in 46 countries and 33 currencies, through the use of straight-through processing and a single operating infrastructure environment. For more information, visit: http://www.seic.com/enUK/wealth-managers.htm.
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 September 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $529 billion in mutual fund and pooled or separately managed assets, including $219 billion in assets under management and $310 billion in client assets under administration. For more information, visit http://www.seic.com/enUK/index.htm.
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