SEI (NASDAQ:SEIC) has appointed Martin Steer as Commercial Director to help grow its U.K. private banking business.
Steer, who was previously Head of Commercial Finance at Cofunds, will work closely with Managing Director Brett Williams, to expand SEI’s wealth management offering, the SEI Wealth PlatformSM, in the U.K. market.
Prior to Cofunds, Steer was Head of Finance at Skandia and Finance Actuary for Selestia. He started his career working in pensions and life assurance at Aviva.
Commenting on the appointment, Brett Williams, Managing Director, SEI Wealth Platform, U.K. Private Banking, said, “We have invested heavily in developing a service for wealth managers that provides a valuable outsourcing solution. Martin has considerable experience as well as a strong record of successful strategic development and execution in the platforms space. His appointment is another important step in ensuring we capitalise effectively on the market opportunity as the landscape continues to evolve.”
“This is a pivotal time for the SEI Private Banking team, and the wealth management industry as a whole,” said Steer. “The SEI Wealth Platform is extremely well-placed to help clients deal with the challenges and opportunities that lie ahead, and I am excited to be joining the company at this crucial time.”