SEI, which operates in areas including wealth management as part of its business, has taken its first major step into the APAC market.

SEI, a US-listed provider of financial technology, operations, and asset management services within the financial services industry, is opening an office in Singapore, its first move into Asia and a sign of how the center of economic gravity is shifting to the East. 

The move will extend SEI’s operations beyond the US and Europe, it said in a statement earlier today.

Nasdaq-listed SEI will initially offer services including asset servicing, professional services, and the distribution of SEI’s UCITS funds. The company said it expects to expand its regional capabilities, introduce additional locally-relevant products, and expand its enterprise asset management, technology, operations, and professional services offerings across Asia-Pacific.

The rationale for the launch, SEI said, can be seen as assets under management at Singapore-based firms grew by 10 per cent in 2025 from a year earlier to stand at S$6.7 trillion ($5.24 trillion). Singapore-based asset managers source more than three-fifths of AuM outside Singapore and 88 per cent is invested globally.

SEI provides asset servicing for 48 of the world’s 100 largest asset managers and says it is one of the top five largest administrators of private assets globally.

Hires
Connall McGuckian has been named managing director, head of Singapore. He is joining from State Street Singapore, where he spent close to 14 years, most recently serving as chief operating officer for the firm's alternatives investment solutions in Asia-Pacific. He joined State Street in 2012 after it acquired Goldman Sachs Administration Services. Prior to that, McGuckian spent nine years at Goldman Sachs, relocating to Singapore in 2011 to establish Goldman Sachs Administration Services in Asia.

As of June 30, SEI managed, advised, or administered about $2.1 trillion in assets. It is headquartered in Oaks, Pennsylvania.

In 2025, Aquiline, the private investment firm, agreed to acquire SEI’s Family Office Services business. That business now operates as Archway. That business delivers technology and outsourced services that connect and power the accounting, investment management, and reporting functions of family offices and family office divisions of financial intermediaries.