2006 Recap: SEI Adds 65 New Global Institutional Clients and US$5.8 Billion in Assets

    TORONTO, Jan. 30 /CNW/ - SEI (NASDAQ:  SEIC) today announced strong 2006
global institutional sales resulting in commitments from 65 new institutional
clients and over US$5.8 billion in new global institutional assets under
management. The sales momentum has resulted in a two-year period of record
growth for SEI's global institutional business as the company has added 115
new clients and over US$12.5 billion in new institutional assets under
management over that period.

    Global Trend of Outsourcing Pension Plan Management Continues

    A key driver for the institutional sales growth is the continued global
adoption of SEI's integrated pension solutions in seven different countries
including Canada, United States, United Kingdom, Netherlands, Germany, Hong
Kong and South Africa. Changing legislation, complex investment products and
ongoing cost volatility are compelling companies away from fragmented plan
management models, in favor of a more integrated and strategic approach to
managing pensions. SEI has responded by continuing to expand resources and
introduce new products in these markets.
    "This is a period of significant volatility for the worldwide pension
industry and SEI is committed to leveraging our global experiences to provide
new and valuable solutions to our clients," said Edward Loughlin, Executive
Vice President, SEI and head of SEI's Global Institutional Group. "As pensions
continue to be more difficult to manage and a distraction from the core
business, organizations are recognizing the advantages in outsourcing plan
management functions and reallocating internal resources. We fully expect this
trend around the world to accelerate."
    Among SEI's new Canadian based clients added in 2006 are Catalyst Paper
Corporation, Duke Energy and Northern Development Initiative Trust. Additional
new global clients include AtlantiCare Health System (US), American Commercial
Lines LLC (US), Cooper University Hospital (US), North Carolina State
University (US), OMNOVA Solutions Inc. (US), Ottaway Newspapers Inc. (US),
Pathmark Stores Inc. (US), St. Elizabeth Medical Center (US), Tasty Baking
Company (US), Viacom International Inc. (US), Baggley Group Limited (UK), LGC
(UK), Ronez Limited (UK), Survitec Group (UK), African Alliance International
Ltd (South Africa), Grant Thornton Capital Ltd (South Africa), St. Psf.TDV
(Netherlands) and Hong Kong Electric (Hong Kong).

    In Canada, Larger Plans Choosing to Outsource Pension Management

    Larger plans with assets up to US$5 billion in assets are fueling the
growing trend to outsource pension management. SEI expects this trend to
continue as these organizations respond to plan design changes and changing
funding and accounting rules by focusing internal resources toward a more
strategic risk-oriented role and away from traditional pension management
functions. In Canada, SEI plans to continue to enhance new solutions and
products as pension plans have become less strategic to organizations and CFOs
question the value their current approach to pension management brings to the
    "The challenging regulatory and market conditions for Canadian plan
sponsors are resulting in the need to make long-term strategy decisions," says
Andrew Kitchen, Managing Director, Strategies and Solutions in Canada. 
"Pension solutions should be designed to help sponsors take steps towards
changing their approach to better fit the management needs of the plan,
control the risk the plan presents to the company, and maximize the way
internal resources are utilized."

    About SEI's Global Institutional Group

    SEI's Global Institutional Group delivers integrated retirement and
nonprofit solutions to over 470 clients in seven different countries. SEI
enables clients to meet financial objectives, reduce business risk, and
fulfill their due diligence requirements through implemented strategies for
the management of defined benefit plans, defined contribution plans,
endowments, foundations and board designated funds. For more information,
visit http://www.seic.com/institutions.

    About SEI

    SEI (NASDAQ:   SEIC) is a leading global provider of outsourced asset
management, investment processing and investment operations solutions. The
company's innovative solutions help corporations, financial institutions,
financial advisors, and affluent families create and manage wealth. As of the
period ending September 30, 2006, through its subsidiaries and partnerships in
which the company has a significant interest, SEI administers C$384.4 billion
in mutual fund and pooled assets and manages C$188.4 billion in assets. SEI
serves clients, conducts or is registered to conduct business and/or
operations, from more than 20 offices in over a dozen countries. For more
information, visit http://www.seic.com.

For further information:

For further information: Terry Li Cameron, SEI Investments Canada, (416)
847-6371, tlicameron@seic.com; Caroline Bretsen, Fleishman-Hillard Canada,
(416) 645-3657, caroline.bretsen@fleishman.ca

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