SEI Strengthens Leadership Team with Key Appointments in Luxembourg to Drive Expansion
In a significant move to boost its global operations, SEI Investments Company has announced the appointment of three key leaders in Luxembourg, a prime location for fund management in Europe. This strategic initiative aligns with SEI's ongoing commitment to scalably advance its investment services and expertise worldwide. Luxembourg is recognized as a pivotal hub, ranking seventh among 129 fund administrators by assets under administration (AUA) and standing out as the largest private credit fund administrator globally.
Leadership Appointments
The newly appointed leaders include Claire Matteucci as Head of Depositary, Manuel Martin de Rosales as Conducting Officer, and Laurent Scherer as Business Development Director. These appointments underscore SEI's strategic focus on enhancing client service and operational efficiency. Each new leader brings a wealth of experience and specialized knowledge that will undoubtedly enrich SEI's capabilities in the fund management sector.
Claire Matteucci, with nearly 20 years of industry experience, previously served as Head of Depositary at Standish Management Luxembourg. Her extensive background at PwC Luxembourg, where she functioned as an external auditor for various investment funds, will support SEI's newly launched depositary services in the region.
Adding to this experienced team is Manuel Martin de Rosales, who takes on the role of Conducting Officer. His prior roles include Head of Compliance at Brookfield Asset Management and Oaktree Capital Management, where he was integral to product development and compliance strategy across multiple investment realms, including private equity, real estate, and infrastructure.
Lastly, Laurent Scherer will lead the Business Development Division. Also bringing two decades of expertise, he has held critical positions in business development and client services at leading financial institutions, enabling SEI to bolster its engagement and service development effectively.
Strategic Importance of Luxembourg
Ian MacWilliams, Managing Director of SEI's Luxembourg office, articulated the strategic vision behind these appointments. He emphasized Luxembourg's status as a premier international fund management center, enriched by a highly skilled workforce and diverse fund offerings. This localized expertise is expected to enhance client experiences through culturally embedded service delivery.
With operational centers located in Oaks, PA, London, Dublin, and Luxembourg, SEI is uniquely positioned to offer a cohesive operational model that integrates seamlessly with client needs. Recently, SEI surpassed $1.5 trillion in alternative AUA in its Investment Managers business, emphasizing its significant growth and industry impact. Moreover, the opening of new office space in Dublin is set to further support SEI's international expansion efforts.
Commitment to Clients
As SEI continues to evolve within the landscape of financial services, it remains dedicated to delivering transparency and efficiency in operational management. This focus on scaling their services to meet the needs of asset managers and clients reflects SEI's ambition to remain at the forefront of the investment management sector globally.
In summary, the strategic appointments in Luxembourg signal a step forward for SEI, enhancing its ability to serve clients and adapt to a continuously evolving financial environment. This initiative not only augments SEI’s leadership team but also strengthens its commitment to navigating complex investment challenges efficiently, thereby ensuring it stays competitive in a rapidly changing marketplace. It's an exciting time for SEI as it cultivates its position within the thriving European investment landscape.