OAKS, PA--(Marketwired - Dec 8, 2015) - The Board of Directors of SEI Investments Company (
In addition, SEI's Board of Directors also approved an increase in its stock repurchase program by an additional $100 million, increasing the available authorization under the program to approximately $153 million. Since the beginning of calendar year 2015, the Company repurchased approximately 5.2 million shares at a cost of approximately $249 million.
SEI also announced that Edward D. Loughlin, Executive Vice President of SEI and Head of the Institutional Investors segment of the Company, has advised the Company that he plans to retire effective January 31, 2016. He will continue working with the Company as a member of the Board of Directors of SEI's investment advisor subsidiary, SEI Investment Management Corp.
Alfred P. West, Jr., SEI Chairman and CEO, said, "For 36 years, in a variety of leadership roles, Ed has made a significant contribution to SEI's growth and success. All of us at SEI thank him and wish him well in his retirement."
About SEI
SEI (
Company Contact: Dana Grosser SEI +1 610-676-2459 dgrosser@seic.com
