SEI adds healthcare director to support investment outsourcing business
SEI has appointed Craig Standen as director of healthcare advisory services for the company’s institutional group.
He will oversee investment strategy development and advice for SEI's institutional healthcare clients.
SEI currently has USD10.6bn in healthcare assets under management, a 165 per cent increase from just five years ago. Recently added healthcare clients include Blanchard Valley Health System, Gillette Children's Specialty Healthcare and Mary Washington Healthcare.
In his new role, Standen will be responsible for implementing SEI's healthcare solution, which integrates multiple asset pools, including operating, foundation and pension plan assets, with corporate finances into one holistic investment strategy. Standen will work with the actuarial and investment analysts on SEI's advice team to conduct portfolio analysis and asset-liability studies, develop effective investment strategies, and deliver key recommendations to clients.
Standen has considerable expertise in delivering finance and investment advice to institutional healthcare clients. Prior to joining SEI, Standen spent 16 years with Ziegler Investment Banking, most recently serving as director of healthcare finance. Standen worked closely with healthcare investors to provide debt capital markets access and advisory services on derivatives, mergers, acquisitions, and other strategic transactions.
"SEI's outsourcing business continues to experience substantial growth among healthcare organisations, as finance executives seek more integrated strategies, and better outcomes and expertise from their investment partners," says Al Pierce, managing director, advice team, SEI's institutional group. "Craig's extensive investment knowledge and healthcare finance background will greatly benefit our healthcare relationships in meeting their investment and organisational goals."
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