SEI® (NASDAQ:SEIC) has announced leadership changes to execute against its strategic focus on transforming growth, investing in talent, and reigniting the company’s culture.
Following the alignment and integration of its asset management businesses globally in October 2022, SEI has made the following changes in leadership, reporting to Wayne Withrow, Executive Vice President and Head of Global Asset Management:
- Executive Vice President Paul Klauder will transition from Head of SEI’s Institutional business to serve as Head of SEI’s Advisor business, previously lead by Withrow.
- Jay Cipriano will be Executive Vice President and Head of SEI’s Institutional business. Cipriano was most recently Senior Vice President and Head of SEI’s Alternatives business, serving our U.S.-based alternative investment manager clients within the Investment Managers business.
- J. Womack will be Global Head of Investment Solutions. Womack most recently served as Managing Director of Investment Products and Personalization in our Advisor business, overseeing the development and execution of product strategy.
With the promotion of Cipriano, SEI has made additional changes in leadership, reporting to Phil McCabe, Executive Vice President and Head of SEI’s Investment Managers business (IMS):
- Carmine Remo will be Senior Vice President and Head of SEI’s Alternatives business, responsible for the operations and client servicing of SEI’s U.S.-based alternative investment manager clients. He most recently served as Chief Operations Officer for IMS.
- Tessa Smith will be the Head of Enterprise Clients, IMS’ largest segment, and will lead operations and relationship management. She previously served as Managing Director of Alternative Accounting & Operations.
- Chad Longenecker will be Head of IMS’ Strategic Growth Clients segment and will lead operations and relationship management. He previously served as Managing Director of Private Equity.
CEO Ryan Hicke said:
“As the demand for outsourced solutions and services continues to increase in the asset and investment management markets, I believe we are well-positioned to capitalize on the opportunities this trend presents. We need to constantly challenge ourselves, embrace change, and align our top talent and capital with our growth opportunities, and evolving our leadership will help us maintain and accelerate the execution of our strategies in these areas.
“We’re keenly aware of the importance of preparing SEI for the future, ensuring the next generation of leaders are diverse and equipped for bigger things as our company grows. Talent mobility is an invaluable tool for this initiative, and we will continue to utilize it in driving SEI’s short- and long-term success.”
The company is not currently changing any of its segment reporting in connection with these leadership changes, and the aligned areas will maintain their market orientation. This news was previously shared on SEI’s first-quarter 2023 earnings call.