EUROPE - Multi-manager SEI Investments has named Karl Dasher as managing director, Continental Europe.
Dasher, who will be based in Paris, will oversee the development of SEI’s businesses in Continental Europe. He will focus on both the institutional market and on forging partnerships with private banks, wealth managers and IFA networks.
He will continue to report to Joseph Ujobai, managing director of SEI Investments’ global businesses.
Patrick Serre, formerly joint managing director of SEI France alongside Dasher, will continue as managing director of the French region. SEI France, which was created in May 2002 after SEI acquired CCF’s 50% stake in the CCF-SEI Investments joint venture, will act as a springboard for developing new initiatives in key European markets.
Dasher has been at SEI for nine years. Prior to his move to the French office he was managing director of SEI’s South African office.
Commenting on his appointment, Dasher, said: “Our goal is to develop in-market competencies that will allow us to customise investment programs and marketing solutions for our clients and partners in each unique market segment.
“Recent conversations with prospects in the region have highlighted the need for better risk control and more technology enabled integrated solutions available through our manager-of-managers approach.”
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.