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OAKS, Pa. - Financial technology provider SEI (NASDAQ:SEIC), a $11.3 billion market cap company with strong financial health according to InvestingPro metrics, announced Tuesday the appointment of Karin Risi and Tom Naratil to its Board of Directors, effective immediately.
The company also reported that board member Stephanie Miller has resigned to take a leadership role in the industry.
Risi currently serves as an Independent Director for HarbourVest Partners and brings 30 years of experience in wealth management. She previously held executive positions at Vanguard, where she oversaw enterprise strategy and led the firm’s $2.5 trillion Personal Investor and Wealth Management businesses. At SEI, she will serve on the Compensation and Nominating & Governance Committees.
Naratil is an Operating Partner at Lightyear Capital and a Finance Senior Fellow at the United States Military Academy. His career includes 39 years at UBS, where he held several executive positions including Co-President of Global Wealth Management and Group Chief Financial Officer. He will join SEI’s Audit and Legal & Regulatory Oversight Committees.
"We’re thrilled to welcome Karin and Tom to SEI’s Board of Directors, as they bring a breadth and depth of leadership experience and expertise across wealth management," said Executive Chairman Alfred P. West, Jr. in the press release.
The new directors join current board members Jonathan Brassington, William Doran, Carl Guarino, CEO Ryan Hicke, Kathryn McCarthy, and Carmen Romeo.
SEI manages, advises, or administers approximately $1.6 trillion in assets as of March 31, 2025, according to the company statement. The company has demonstrated consistent financial strength, maintaining dividend payments for 38 consecutive years and achieving a 10.3% revenue growth in the last twelve months. InvestingPro subscribers can access detailed analysis and 8 additional key insights about SEI’s financial performance and outlook.
In other recent news, SEI Investments announced a strategic acquisition of a 57.5% stake in Stratos Wealth Holdings for approximately $527 million in cash. This transaction will occur in two phases, with the U.S. business expected to close in the second half of 2025, followed by the Mexico-based business in the first half of 2026, pending regulatory approvals. Additionally, SEI Investments declared a semi-annual dividend of $0.49 per share, payable on June 17, 2025, to shareholders of record as of June 9, 2025. The company has also seen a boost in its stock price target, with Raymond James raising it to $115 due to record-high sales results in the first quarter of 2025. Piper Sandler also adjusted their price target to $79, citing strong quarterly performance and a record quarter for sales events.
In leadership news, SEI promoted Sean Lawlor and Lori Wayne to key positions within its Investment Managers business. Lawlor will serve as Senior Vice President and Head of SEI’s Traditional Investment Managers business, while Wayne will lead Client Services and Relationship Management. These developments come as SEI continues to report strong sales activity and improved operating margins, which increased to 28.5% from 27.5%. Piper Sandler noted that despite the positive momentum, there might be a slight decline in margins due to upfront expenses from recent sales events.
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