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EXCLUSIVE: SEI's Europe CEO To Depart Next June

Tom Burroughes

14 November 2022

The Europe chief executive of SEI Investments, part of the US-based group, is going to leave next year, this publication can exclusively report.

Brett Williams, CEO of SEI Investments Europe Limited (SIEL) and head of its UK private banking business, will be retiring in June 2023, a spokesperson for the firm told this publication when asked about the matter.

"We have begun our search for a new CEO of SIEL, and Brett will remain in place in this role until the transition. As always, we remain committed to delivering world-class service and solutions to our clients," the spokesperson said.

Williams has more than 30 years of leadership experience in the financial services industry, including chief executive officer roles at Selestia, Cofunds and Skandia UK.

In August, the Oaks, the Pennsylvania-based investments and technology solutions group appointed one of its own senior figures, Sanjay Sharma, to lead its private banking business segment.
 
Among recent news, in late October SEI Investments reported a 55 per cent slump in net income sliding to $61.7 million in the three months to end-September, while revenues slipped by 3 per cent year-on-year to $471.3 million. Earnings were hit by one-time costs of the voluntary separation programme of $57.0 million.