SEI, a leading global provider of outsourced asset management, investment processing and investment operations solutions, has announced today that it has strengthened its Global Private Banking Team with the appointment of Stephen Barbalaco as Sales Director for the EMEA region.
Stephen, who will be based in London, will report to Brandon Sharrett, Managing Director of SEI’s Global Private Banking business in the EMEA region. He will be responsible for the sales and marketing effort of SEI’s asset management solution, provided through SEI’s Manager-of-Managers investment process, developing strategic partnerships with Private Banks and Family Offices in the EMEA region.
Stephen brings a wealth of sales, marketing and client service experience to his new role. Prior to joining SEI, he spent two years as Head of Sales Strategy, Client Relationships, Marketing and Transitions for Mphasis BFL – a business process outsourcing firm based in Bangalore. Previous to that Stephen held the position of Business Development for the Equity Derivatives business at Cantor Fitzgerald in London and also held senior sales position in the asset management and wealth management divisions at Citigroup in New York, Milan, Madrid and London. Responsibilities in his last role spanned across the EMEA region.
Commenting on Stephen’s appointment, Brandon Sharrett said:
“Stephen’s appointment is further evidence of our commitment to the expansion of the private banking business globally. We already have relationships with private banks and wealth managers across the globe. Our success with existing partners is testament to the popularity of our approach and we are confident that Stephen’s considerable experience of executing sales strategies and developing businesses will help us to build on this success and expand our client base”.
“Our strategic relationships combine our partners’ client relationship management expertise and distribution networks with SEI’s extensive experience in selecting, monitoring and replacing managers via the Manager-of-Managers investment process. We believe that this process is an attractive proposition as it allows private banks, wealth managers and family offices to offer a sophisticated investment solution to their clients.”
About SEI
SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of the period ending December 31, 2006, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $366.6 billion in mutual fund and pooled assets and manages $181.5 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from more than 20 offices in over a dozen countries. For more information, visit www.seic.com.
This information is issued by SEI Investments (Europe) Limited, 4th Floor, Time & Life Building 1 Bruton Street , London W1J 6TL which is authorised and regulated by the Financial Services Authority. No offer of any security is made hereby. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus.
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