Deals & People September 23, 2014

SEI Adds Alternatives Specialist

Andrew Daly joined investment management and processing firm SEI as a client investment strategist on the firm’s U.S. institutional advisory team.
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Daly will work with clients to provide strategic advice on various investment vehicles tailored to their unique goals and objectives. SEI says Daly’s hiring supports its commitment to bringing advanced alternative investment solutions to retirement plan clients and other institutional investors.

The client investment strategist role is new to the advisory team, SEI explains, and was created to support the expansion of SEI’s alternative investing programs, delivered through its investment outsourcing business. SEI currently has more than 475 institutional outsourcing clients worldwide, representing $74.1 billion in assets under management, the firm says.

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Al Pierce, managing director of the advisory team, says his firm is working to deliver optimal portfolio diversification and sophistication with a wide array of products from industry-leading investment managers.

Daly has more than 15 years of investment expertise working with institutional investors on alternative investment strategies. Before joining SEI, he was a managing director and partner with Mill Creek Capital Advisors LLC. In that role, Daly managed the alternative investment program from the firm’s inception, which consisted of hedge funds-of-funds and private equity partnerships. Prior to that role, he held management positions at The Radcliffe Group and Hirtle Callaghan & Co. Daly is a chartered financial analyst (CFA).

More information on the firm is available at www.seic.com.

Deals & People September 23, 2014

Securian Names Director of Investment Resource Group

Jeffrey McGrath was promoted to director of the investment resource group at Securian Financial Services Inc., the Securian Financial Group broker/dealer.
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In his new role, McGrath oversees a team of financial experts who provide portfolio management and consulting services related to investment due diligence. They also provide training and investment education for advisers in the Securian Financial Network.

McGrath joined Securian in 2004 as a senior investment consultant. Previously, he was a portfolio manager, trader and investment analyst at Accredited Investors. McGrath holds a bachelor’s degree from Loras College in Dubuque, Iowa. He was awarded the chartered financial analyst (CFA) designation in 2003.

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Securian Financial Group and its affiliates provide financial services for individuals and businesses in the form of insurance, investments and retirement plans. Insurance products are issued by Minnesota Life Insurance Company in all states except New York, where products are issued by Securian Life Insurance Company, a New York authorized insurer. Both companies are headquartered in Saint Paul, Minnesota.

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