Financial Services Leader's Diverse Experience
to Bolster Strategic Growth
OAKS,
Pa., July 25, 2024 /PRNewswire/
-- SEI® (NASDAQ: SEIC) today announced that
Michael Lane will join SEI on
Sept. 16, 2024 as an Executive Vice
President and Head of Asset Management, reporting to CEO
Ryan Hicke. In his role as a member
of the Executive Management team, Lane will be responsible for the
business and growth strategy for the company's Advisor and
Institutional businesses in North
America, as well as leading SEI's investment management
teams globally.
With 35 years of industry experience, Lane most recently served
as Head of iShares U.S. Wealth Advisory at Blackrock, overseeing
revenue growth, client expansion, solution development,
implementation, and due diligence across multiple products and
asset classes. Prior to joining Blackrock, he held a number of
roles at Dimensional Fund Advisors, leading the development of the
retirement, broker-dealer, bank, and TAMP businesses. These roles
included Global Head of Strategic Retirement Initiatives and CEO of
Dimensional SmartNest LLC, which provides managed account solutions
for defined contribution plans. Lane also served as a leader at
TIAA-CREF, AEGON Financial Services Group, and Dreyfus, among
others.
Commenting on Lane's appointment, Hicke said:
"Our focus is on growth and expansion. From shifting investment
product demands to industry consolidation to technology's rapid
acceleration, the asset management markets are in a state of
intense evolution. We have a tremendous foundation that affords us
the ability to seize opportunities to help our clients navigate
this change and drive growth. Michael will accelerate our momentum
and lead us into new segments, as well as harness our breadth of
capabilities to deliver new services and platforms to the
market.
"Michael is a widely respected industry leader who brings
extensive wealth management experience across the markets we serve,
and his leadership, knowledge, and perspectives will help us
capitalize on these opportunities and execute our strategy to drive
strategic growth for our company, clients, and shareholders. We're
excited for Michael to join SEI's Executive team and look forward
to the many contributions he will make. The SEI brand is attracting
industry-leading talent—a testament to the focus we have across the
company and activity across our markets."
Lane added:
"Today's investors expect a connected, end-to-end experience
tailored to their specific needs. The breadth and depth of SEI's
capabilities across technology, operations, and asset
management—along with their unique position at the center of the
ecosystem for a wide range of clients—provide opportunities to
transform the investor experience while achieving their financial
goals.
"I'm thrilled to bring my experience to SEI and look forward to
working with the team of world-class talent as we continue driving
growth for clients, the company, and shareholders."
Lane is an accomplished author of three books, as well as
academic and industry articles. He holds a Bachelor of Arts in
political science from Binghamton University in New York, where he serves as an Executive
Committee member for the Binghamton University Foundation Board and
received the Medal of Distinguished Service. A former college
tennis athlete, Lane is an avid player.
The company is not currently changing any of its segment
reporting in connection with the organizational and leadership
change, and the aligned areas will maintain their market
orientation.
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 June 30, 2024, SEI manages, advises, or
administers approximately $1.5
trillion in assets. For more information, please 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 benefit's of Mr. Lane's employment;
- the opportunity that exists within our market segments;
- our ability to help clients navigate change and drive growth;
and
- the success, if any, of the sales and strategic initiatives we
pursue.
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, 2023, filed with the
Securities and Exchange Commission.
Company/Investor
Contact:
|
Media
Contact:
|
Leslie
Wojcik
|
Eric Hazard
|
SEI
|
Vested
|
+1
610-676-4191
|
+1
214-734-8203
|
lwojcik@seic.com
|
eric@fullyvested.com
|
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SOURCE SEI Investments Company