|By Marketwired .||
|August 15, 2013 09:30 AM EDT||
OAKS, PA -- (Marketwired) -- 08/15/13 -- SEI (NASDAQ: SEIC) today announced the appointment of Craig Standen as Director of Healthcare Advisory Services for SEI's Institutional Group. Craig will oversee investment strategy development and advice for SEI's institutional healthcare clients. SEI currently has $10.6 billion in healthcare assets under management, a 165 percent increase from just five years ago. Recently added healthcare clients include Blanchard Valley Health System, Gillette Children's Specialty Healthcare and Mary Washington Healthcare.
In his new role, Craig will be responsible for implementing SEI's healthcare solution, which integrates multiple asset pools, including operating, foundation and pension plan assets, with corporate finances into one holistic investment strategy. Craig will work with the actuarial and investment analysts on SEI's advice team to conduct portfolio analysis and asset-liability studies, develop effective investment strategies, and deliver key recommendations to clients.
Craig has considerable expertise in delivering finance and investment advice to institutional healthcare clients. Prior to joining SEI, Craig spent 16 years with Ziegler Investment Banking, most recently serving as Director of Healthcare Finance. Craig worked closely with healthcare investors to provide debt capital markets access and advisory services on derivatives, mergers, acquisitions, and other strategic transactions.
"SEI's outsourcing business continues to experience substantial growth among healthcare organizations, as finance executives seek more integrated strategies, and better outcomes and expertise from their investment partners," said Al Pierce, Managing Director, Advice Team, SEI's Institutional Group. "Craig's extensive investment knowledge and healthcare finance background will greatly benefit our healthcare relationships in meeting their investment and organizational goals."
SEI's healthcare solution is Peer Reviewed by the Healthcare Finance Management Association (HFMA). HFMA's Peer Review process is designed to provide healthcare financial managers with an objective third-party evaluation of products and services used in the healthcare finance workplace.
About SEI's Institutional Group
SEI's Institutional Group is one of the first and largest global providers 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.
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 June 30, 2013, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $507 billion in mutual fund and pooled or separately managed assets, including $204 billion in assets under management and $303 billion in client assets under administration. For more information, visit www.seic.com.