SEI announced that Michael Lane will join SEI on Sept. 16, 2024 as an Executive Vice President and Head of Asset Management, reporting to CEO Ryan Hicke. In his role as a member of the Executive Management team, Lane will be responsible for the business and growth strategy for the company’s Advisor and Institutional businesses in North America, as well as leading SEI’s investment management teams globally.
With 35 years of industry experience, Lane most recently served as Head of iShares U.S. Wealth Advisory at Blackrock, overseeing revenue growth, client expansion, solution development, implementation, and due diligence across multiple products and asset classes. Prior to joining Blackrock, he held a number of roles at Dimensional Fund Advisors, leading the development of the retirement, broker-dealer, bank, and TAMP businesses. These roles included Global Head of Strategic Retirement Initiatives and CEO of Dimensional SmartNest LLC, which provides managed account solutions for defined contribution plans. Lane also served as a leader at TIAA-CREF, AEGON Financial Services Group, and Dreyfus, among others.
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Commenting on Lane’s appointment, Hicke said:
“Our focus is on growth and expansion. From shifting investment product demands to industry consolidation to technology’s rapid acceleration, the asset management markets are in a state of intense evolution. We have a tremendous foundation that affords us the ability to seize opportunities to help our clients navigate this change and drive growth. Michael will accelerate our momentum and lead us into new segments, as well as harness our breadth of capabilities to deliver new services and platforms to the market.
“Michael is a widely respected industry leader who brings extensive wealth management experience across the markets we serve, and his leadership, knowledge, and perspectives will help us capitalize on these opportunities and execute our strategy to drive strategic growth for our company, clients, and shareholders. We’re excited for Michael to join SEI’s Executive team and look forward to the many contributions he will make. The SEI brand is attracting industry-leading talent—a testament to the focus we have across the company and activity across our markets.”
Lane added:
“Today’s investors expect a connected, end-to-end experience tailored to their specific needs. The breadth and depth of SEI’s capabilities across technology, operations, and asset management—along with their unique position at the center of the ecosystem for a wide range of clients—provide opportunities to transform the investor experience while achieving their financial goals.
“I’m thrilled to bring my experience to SEI and look forward to working with the team of world-class talent as we continue driving growth for clients, the company, and shareholders.”
SOURCE: PRNewswire