SEI has appointed Paul Klauder executive vice president and head of the firm’s outsourced investment management services, the group announced Wednesday.
Klauder, formerly head of sales for SEI’s institutional group, replaces Edward Loughlin, who retired at the end of January after more than 36 years with the company.
“We were privileged to have Ed at the helm of our institutional business for so long and wish him the very best as he begins this new chapter in his life,” said Alfred West, Jr., chairman and CEO of SEI. “I am extremely confident in Paul’s abilities to lead this business going forward.”
In Klauder’s previous role at SEI, he oversaw business development for the North American institutional investing market. He has worked directly for Loughlin since 1999.
“Paul has been an integral part of SEI’s institutional group and has played a major role in turning what was a new business at SEI in the 1990s into a market-leading asset management and solutions business for institutional investors,” West said.
The outsourced-CIO (OCIO) service currently caters to 470 clients in eight countries, with a total of $75 billion assets under management.
Klauder said he was “humbled” by the appointment and looks forward to “continued success” with SEI’s institutional team.
“We have an extremely strong management team in place and many accomplished professionals to help us proactively service and develop our institutional relationships,” Klauder said.
Before joining SEI, Klauder worked as a certified public account at Arthur Andersen. He holds a bachelor’s degree in accounting and computer science from DeSales University.
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