OAKS, Pa., Feb. 8, 2021 /PRNewswire/ -- SEI
(NASDAQ:SEIC), a leading provider of outsourced chief investment
officer (OCIO) services, today announced the expansion of its
strategic partnership to the Sustaining Champion level with the
Association of Governing Boards of Universities and Colleges (AGB).
The two organizations have also agreed to produce and release a
joint study this year that will be designed to provide valuable
investment and governance-related research to the higher education
boards that make up AGB's membership. SEI has been a strategic
partner with AGB since 2013.
"SEI's ongoing commitment to supporting our higher education
clients by best understanding their needs and challenges remains a
priority, and our strategic partnership with AGB is a validation of
that," said Roger Messina, Managing
Director of SEI's North American Institutional Client Service Team.
"We look forward to continuing to support AGB's mission in helping
boards maximize their governance practices and being the most
effective stewards possible."
SEI's expanded strategic partnership with AGB comes at a time of
significant change for the higher education sector, where clients
and members can benefit from access to an expanded network of
industry experts and resources.
AGB is an organization that aims to strengthen higher education
governing boards and the strategic roles they serve within their
institutions and foundations. The organization consists of 40,000
members, representing more than 2,000 institution, system and
foundation boards.
SEI provides investment management services to more than 460
global institutional investors, including over 175 nonprofit
organizations, representing $32
billion in assets.* SEI works with more than 40 higher
education institutions in managing their endowments.*
"AGB is focused on empowering board members to serve as
strategic thought partners with leaders of institutions and
foundations, and our strategic partnership with SEI serves as a
force multiplier to inform our members to make better, more
well-informed decisions," said Henry
Stoever, President and CEO of AGB. "We sincerely
appreciate SEI's strategic partnership with AGB to help board
members oversee student success and long-term institutional and
foundation vitality."
*As of Dec. 31, 2020
About SEI's Institutional Group
SEI's
Institutional Group provides institutional investors with
outsourced investment management services and custom platforms to
support insourced investment staff. SEI is one of the first and
largest global providers of outsourced or OCIO investment
management services to the institutional marketplace and recently
has launched its Enhanced CIO services globally to institutional
investors that desire to have internal resources. The company
delivers these integrated solutions to more than 460 clients in 12
countries, as of Dec. 31, 2020. Our
solutions are designed to help clients meet financial objectives,
reduce business risk and fulfill their due diligence requirements
through implemented strategies for the management of endowments,
foundations, retirement plans and board-designated funds. For more
information visit: seic.com/institutional-investors.
About SEI
After 50 years in business, SEI
(NASDAQ:SEIC) remains a leading global provider of investment
processing, investment management, and investment operations
solutions designed to help corporations, financial institutions,
financial advisors, and ultra-high-net-worth families create and
manage wealth. As of Dec. 31, 2020,
through its subsidiaries and partnerships in which the company has
a significant interest, SEI manages, advises or administers
approximately $1 trillion in hedge,
private equity, mutual fund and pooled or separately managed
assets, including approximately $369
billion in assets under management and $787 billion in client assets under
administration. For more information, visit seic.com.
About AGB
The Association of Governing Boards of
Universities and Colleges (AGB) is the premier membership
organization that strengthens higher education governing boards and
the strategic roles they serve within their organizations. Through
AGB's vast library of resources, educational events, and consulting
services, and with 100 years of experience, 40,000 AGB members from
more than 2,000 institutions, systems, and foundations are
empowered to navigate complex issues, implement leading practices,
streamline operations, and govern with confidence. AGB is the
trusted resource for board members, chief executives, and key
administrators on higher education governance and leadership.
AGB is not affiliated with SEI or its subsidiaries.
Company
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SOURCE SEI Investments Company