Ian Love was named head of asset management for the U.K., EMEA and Asian regions at SEI, overseeing the institutional and intermediary businesses outside North America.
The role is new, a spokesperson confirmed. He reports to Wayne Withrow, head of SEI's global asset management business and executive vice president.
The newly created role follows SEI's move to overhaul its $1.3 trillion in assets under management and advisement business last year, which saw the adviser business, institutional business, investment management unit, asset management distribution business and private wealth management business reporting to Withrow. The changes saw Kevin P. Barr, EVP and head of the investment management unit and asset management distribution, leave the firm. The changes were made to "capitalize on market opportunities and accelerate the company's next chapter of growth," a release published at the time of the announced changes said.
"Aligning our asset management businesses under Ian enables us to leverage his experience and leadership, our talent, and synergies across the business to enhance and personalize our offerings for our clients," Withrow said in a news release. "We believe the U.K., EMEA and Asian regions are ripe with growth opportunities for SEI, and we are well-positioned to capitalize on these opportunities as the demand for outsourced solutions and services increases."
Love's leadership team will focus on three areas, the release said:
• Arjan Looijestijn continues to lead the distribution of SEI's investment solutions to intermediates. He is recruiting a head of sales for U.K. wealth management and independent financial advisers to develop new strategic partnerships.
• Donald Baines was promoted to head of the U.K. fiduciary management team. Baines was client strategy director, U.K. institutional group.
• Steve Charlton continues to lead the SEI Master Trust and focus on the company's defined contribution segment.
The spokesperson confirmed there are no other changes to the structure or leadership.
