SOURCE: SEI

SEI

June 06, 2012 08:30 ET

SEI Adds New Nonprofit Director to Support Continued Growth in Investment Outsourcing Business

Mary Jane Bobyock Joins SEI From Russell Investments

OAKS, PA--(Marketwire - Jun 6, 2012) - SEI (NASDAQ: SEIC) today announced the appointment of Mary Jane Bobyock, CFA, as Director of Nonprofit Advisory Services for SEI's Institutional Group. Mary Jane will oversee investment strategy development and advice for SEI's nonprofit and endowment clients. SEI currently provides outsourced fiduciary management services to over 130 nonprofit clients worldwide.

With more than 26 years in the industry, Mary Jane brings considerable experience providing investment advice to institutional nonprofit clients. In her new role within the Institutional Group's advisory services team, she will lead the strategic development of investment policy statements, spending policies, portfolio construction, and reporting best practices. She will also monitor the efficacy of investment solutions in meeting client goals and develop key recommendations for enhancement.

Prior to joining SEI, Mary Jane spent five years at Russell Investments as a senior client executive, where she provided advisory and investment management services to nonprofit clients. Prior to that, she spent 17 years at Miller, Anderson & Sherrerd, which was acquired during that time by Morgan Stanley Investment Management. Mary Jane served most recently as vice president for Morgan Stanley's Institutional Client Coverage Group.

"SEI continues to see increased adoption of our outsourced fiduciary management solution by nonprofits and endowments," said Al Pierce, Managing Director, Solutions Advisory Team, SEI's Institutional Group. "Mary Jane's proven track record and extensive knowledge will greatly benefit our current and future nonprofit clients in helping them achieve their financial and organizational goals."

About SEI's Institutional Group
SEI's Institutional Group is the first and largest global provider of outsourced fiduciary management investment services. The company began offering these services in 1992 and today acts as a fiduciary manager to approximately 450 retirement, nonprofit and healthcare clients in six different countries. Through a flexible model designed to help our clients achieve financial goals, we provide asset allocation advice and modeling, investment management, risk monitoring and stress testing, active liability-focused investing and integrated goals-based reporting. For more information visit: http://www.seic.com/institutions.

About SEI
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 March 31, 2012, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $428 billion in mutual fund and pooled or separately managed assets, including $189 billion in assets under management and $239 billion in client assets under administration. For more information, visit www.seic.com.

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