SEI Investments (Europe) Limited (SIEL)

https://seic.com/en-gb/our-locations/south-africa

Company details

FAIS FSP registration number:

(South Africa) (PTY) Limited (SISAL): 13186

SEI Investments (Europe) Limited (SIEL): 9796

Switchboard: +27 11 994 4200

General email: sjugmohun@seic.com

Address:

Unit 8A 1st Floor 3 Melrose Boulevard Melrose Arch, 2196

Compliance officer name:

Mr Jan Scholtz

087 897 6970

Investment philosophy

SEI utilises a multi-manager investment platform in which we recommend hiring multiple specialised investment managers, with clearly differentiated investment processes within each asset class and combining them to achieve maximum diversification and potential risk managed for growth. Our investment professionals assume the responsibilities of portfolio structure, manager selection, manager evaluation and manager replacement. SEI’s philosophy and process reflect strategies geared towards achieving long-term investment goals in various financial climates.

We believe:

● Trustee time is better spent on strategic issues such as goal setting and monitoring success – as an investment manager, SEI is best placed to manage the day-to-day aspects of the investment strategy

● In a strategic asset allocation framework customised to the financial objectives of each client

● In a proactive, dynamic de-risking framework that is customised to the needs of each client

● Short-term market inefficiencies create opportunities to add value across and within asset classes

● Skilled specialised managers with a determinable competitive edge do exist

● A multi-manager framework provides tangible benefits

● In an active risk management approach and continual oversight

Establishing Our Point of View

In order to actively manage a client’s asset allocation in an effective manner, SEI first establishes a point of view. The point of view is developed by combining both a top down, macroeconomic perspective with a bottom-up, underlying investment management perspective. SEI holds a bi-weekly roundtable meeting to integrate the views of our Investment Management Unit and Fund Managers, which we then implement across client portfolios.

FAIS requirements

Who is your FAIS complaints officer?

Mr Jan Scholtz, Compliserve

Please provide the link to the complaints policy on your website: Available on request.

Ownership

What is the ownership structure of the company?

SEIC is a publicly traded diversified financial services firm. Approximately 25% of outstanding SEIC shares are held by employees, officers and directors of the company.

SEI is one of the first global investment management businesses to open a local office in South Africa and the first global multi-manager to conclude a B-BBEE transaction introducing black ownership into its South African operations. Who are the directors of the company?

Directors: Santoshi Jugmohun, Paul Klauder, Ian Love, Michael Petersen, Leapeetswe Molotsane, Patrick Disney Interest in ownership? Please provide the percentage held by staff and management: SEIC is a publicly traded firm, and many employees participate in our stock option and stock purchase programs.

History

When was the company established?

1968

List of mergers and acquisitions that have taken place since being established:

1983: Acquired A.G. Becker Paribas, Inc.’s Funds Evaluation Division.

B-BBEE credentials

Are you B-BBEE accredited?

SEI (SA) has been operating in SA since 1996. We have had clients in SA for over 20 years. Du ring that time, we have shown our long-term commitment to this country by maintaining a fully staffed office in Johannesburg, to look after the interests of our South African clients. Over the years, we have demonstrated our ambition to align the business objectives of SEI (SA) with those of the SA government, especially in the areas of Employment Equity and BBBEE (Broad Based Black Economic Empowerment):

1. SEI acquires office supplies from black-owned companies.

2. We are currently developing some of our Emerging suppliers with grant contributions.

3. We pay (EME and QSE) suppliers within 15 days to help them with their cash flow.

4. SEI has created an internship program, to empower young black graduates with work experience.

5. SEI employees are awarded scholarship to further their studies at universities and other tertiary institutions.

6. SEI has engaged in a number of Socio- Economic Development Initiatives.

7. In June 2018, SEI concluded a BEE transaction that delivered ownership in the company’s South African business to black staff members. The transaction does not rely on debt funding, and local staff members