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SEI Attracts New Executive Vice President

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SEI (NASDAQ: SEIC) has announced the appointment of Michael Lane as Executive Vice President and Head of Asset Management, effective Sept. 16, 2024. Lane, with 35 years of industry experience, will be responsible for the business and growth strategy for SEI's Advisor and Institutional businesses in North America, as well as leading the company's global investment management teams.

Lane's extensive background includes leadership roles at Blackrock, Dimensional Fund Advisors, and TIAA-CREF. CEO Ryan Hicke emphasized that Lane's appointment aligns with SEI's focus on growth and expansion in the rapidly evolving asset management markets. The company aims to capitalize on opportunities to help clients navigate industry changes and drive growth.

SEI (NASDAQ: SEIC) ha annunciato la nomina di Michael Lane come Vice Presidente Esecutivo e Responsabile della Gestione degli Investimenti, con effetto dal 16 settembre 2024. Lane, con 35 anni di esperienza nel settore, sarà responsabile della strategia commerciale e di crescita per le attività di SEI rivolte a consulenti e istituzioni in Nord America, oltre a guidare i team globali di gestione degli investimenti dell'azienda.

Il vasto background di Lane include ruoli di leadership presso Blackrock, Dimensional Fund Advisors e TIAA-CREF. Il CEO Ryan Hicke ha sottolineato che la nomina di Lane è in linea con l'obiettivo di SEI di crescere e espandersi nei mercati della gestione patrimoniale in rapida evoluzione. L'azienda mira a capitalizzare sulle opportunità per aiutare i clienti a orientarsi nei cambiamenti del settore e a guidare la crescita.

SEI (NASDAQ: SEIC) ha anunciado el nombramiento de Michael Lane como Vicepresidente Ejecutivo y Jefe de Gestión de Activos, efectivo a partir del 16 de septiembre de 2024. Lane, con 35 años de experiencia en la industria, será el responsable de la estrategia comercial y de crecimiento para los negocios de SEI dirigidos a asesores e instituciones en América del Norte, además de liderar los equipos globales de gestión de inversiones de la empresa.

El extenso historial de Lane incluye roles de liderazgo en Blackrock, Dimensional Fund Advisors y TIAA-CREF. El CEO Ryan Hicke enfatizó que el nombramiento de Lane se alinea con el enfoque de SEI en el crecimiento y la expansión en los mercados de gestión de activos que están en rápida evolución. La empresa busca capitalizar las oportunidades para ayudar a sus clientes a navegar los cambios en la industria y fomentar el crecimiento.

SEI (NASDAQ: SEIC)는 마이클 레인(Michael Lane)을 2024년 9월 16일부터 부사장 겸 자산 관리 책임자로 임명했다고 발표했습니다. 레인은 35년의 업계 경험을 바탕으로, SEI의 북미 자문 및 기관 사업을 위한 사업 성장 전략을 책임지며, 회사의 글로벌 투자 관리 팀을 이끌게 됩니다.

레인은 블랙록, 디멘셔널 펀드 어드바이저스, TIAA-CREF 등에서 리더십 역할을 수행한 폭넓은 경력을 가지고 있습니다. CEO 라이언 히케(Ryan Hicke)는 레인의 임명이 SEI의 성장 및 확장 목표와 일치한다고 강조했습니다. 회사는 고객들이 산업 변화에 대응하고 성장을 촉진할 수 있도록 기회를 활용하는 것을 목표로 하고 있습니다.

SEI (NASDAQ: SEIC) a annoncé la nomination de Michael Lane en tant que Vice-Président Exécutif et Responsable de la Gestion d'Actifs, à compter du 16 septembre 2024. Lane, fort de 35 ans d'expérience dans l'industrie, sera responsable de la stratégie commerciale et de croissance des activités de SEI destinées aux conseillers et aux institutions en Amérique du Nord, ainsi que de la direction des équipes mondiales de gestion des investissements de l'entreprise.

Le parcours riche de Lane inclut des postes de direction chez Blackrock, Dimensional Fund Advisors et TIAA-CREF. Le CEO Ryan Hicke a souligné que la nomination de Lane est en adéquation avec l'orientation de SEI vers la croissance et l'expansion sur les marchés de la gestion d'actifs en évolution rapide. L'entreprise vise à tirer parti des opportunités pour aider ses clients à naviguer dans les changements de l'industrie et à stimuler la croissance.

SEI (NASDAQ: SEIC) hat die Ernennung von Michael Lane zum Executive Vice President und Leiter des Asset Managements bekannt gegeben, die am 16. September 2024 in Kraft tritt. Lane, der 35 Jahre Branchenerfahrung hat, wird für die Geschäfts- und Wachstumsstrategie von SEIs Berater- und institutionellen Geschäften in Nordamerika verantwortlich sein und die globalen Investment-Management-Teams des Unternehmens leiten.

Lane bringt umfangreiche Führungserfahrungen aus Blackrock, Dimensional Fund Advisors und TIAA-CREF mit. CEO Ryan Hicke betonte, dass Lanes Ernennung im Einklang mit SEIs Fokus auf Wachstum und Expansion in den sich schnell entwickelnden Märkten für Asset Management steht. Das Unternehmen möchte Chancen nutzen, um Kunden bei der Bewältigung von Branchenveränderungen zu unterstützen und Wachstum zu fördern.

Positive
  • Appointment of experienced industry leader Michael Lane as Executive VP and Head of Asset Management
  • Potential for accelerated growth and expansion into new market segments
  • Opportunity to leverage Lane's expertise to develop new services and platforms
Negative
  • None.

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

Cision View original content:https://www.prnewswire.com/news-releases/sei-attracts-new-executive-vice-president-302205941.html

SOURCE SEI Investments Company

FAQ

When will Michael Lane join SEI as Executive Vice President?

Michael Lane will join SEI (NASDAQ: SEIC) on September 16, 2024, as Executive Vice President and Head of Asset Management.

What will be Michael Lane's responsibilities at SEI?

Michael Lane will be responsible for the business and growth strategy for SEI's Advisor and Institutional businesses in North America, as well as leading SEI's investment management teams globally.

What is SEI's strategic focus according to CEO Ryan Hicke?

According to CEO Ryan Hicke, SEI's focus is on growth and expansion, aiming to seize opportunities to help clients navigate changes in the asset management markets and drive growth.

How many years of industry experience does Michael Lane bring to SEI?

Michael Lane brings 35 years of industry experience to his new role at SEI (NASDAQ: SEIC).

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