Oaks’ SEI Investments tapped into outside talent when it appointed Michael Lane as executive vice president and head of asset management, writes Joseph N. DiStefano for the Philadelphia Inquirer.

With a background at BlackRock, Lane joins SEI under CEO Ryan Hicke’s leadership—who succeeded founder Alfred West in 2022. Lane’s strategic focus mirrors BlackRock’s successful approach, emphasizing detailed risk calculation, strategic acquisitions, and dynamic product development.

SEI and Vanguard, another Philadelphia suburb financial powerhouse, have explored hiring leaders from BlackRock, recognizing the vital growth and diversification strategies that the New York-based firm embodies. SEI oversees or administers $1.6 trillion, with its clientele predominantly comprising corporate employers or financial firms. Vanguard manages a significant $9 trillion.

SEI takes a collaborative, open-office approach, encouraging staff interaction and on-the-go meetings, aligning with its vision of liberating work environments.

SEI’s technological prowess is exemplified in its partnerships, as seen with Tony Minopoli of Knights of Columbus Asset Advisors, who utilizes SEI’s platform to expand their Catholic-aligned ETFs. 

SEI’s leadership demonstrates its commitment to innovation, positioning the firm for growth within a rapidly evolving financial landscape.

Read more about SEI’s leadership strategy with Michael Lane in the Philadelphia Inquirer.

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