OAKS,
Pa., Dec. 22, 2023 /PRNewswire/ --
SEI® (NASDAQ: SEIC) today announced Wayne Withrow, Executive Vice President and Head
of Global Asset Management, will step away effective Feb. 28, 2024 to focus his time on other parts of
his life. For more than 30 years, Withrow contributed to the
company's evolution and growth, leading in various roles across
technology, operations, and asset management. SEI will conduct a
search internally and externally for Withrow's replacement.
Most recently, Withrow led the global alignment of SEI's asset
management businesses to strengthen the company's offerings,
capitalize on market opportunities, and accelerate the company's
next chapter of growth. He joined SEI in 1990 as a vice president
in the company's legal department and held numerous positions,
including as Chief Information Officer, Senior Vice President for
TRUST 3000®, head of SEI's Investment Managers business,
and head of the Advisor business.
CEO Ryan Hicke said:
"Wayne's focus on aligning our asset management businesses
globally over the last 12 months has reinforced the foundation from
which we believe we can drive future growth. His contributions and
depth of knowledge across our three pillars of
expertise—technology, operations, and asset management—have not
only helped drive our success, but also nurtured our culture.
"We wish Wayne all the best, and his dedication to our business,
employees, clients, and shareholders over three decades will leave
a lasting impact on SEI."
Withrow added:
"The financial services industry continues to evolve rapidly as
the pace of technological advancements increases, and SEI's
unmatched position at the center creates tremendous opportunity for
the future. It has been an honor and a privilege to work alongside
incredibly talented individuals and be part of this company's
history. This is a pivotal moment for SEI, and I'm excited to watch
all they achieve in the future."
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 help drive growth, make confident decisions, and
protect futures. As of Sept. 30,
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:
- our ability to drive future growth, and
- whether or position in the financial services industry creates
opportunity for us.
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.
Media
Contact:
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Investor
Contact:
|
|
|
Leslie
Wojcik
|
Alex Whitelam
|
SEI
|
SEI
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+1
610-676-4191
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+1
610-676-4924
|
lwojcik@seic.com
|
awhitelam@seic.com
|
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SOURCE SEI Investments Company