MIDDLE EAST - SEI has opened an office in the Dubai International Financial Centre (DIFC) to provide investment solutions to clients in the Middle East.
Jahangir Aka, senior executive officer for SEI in the Middle East, said: "In the last twelve months we have been involved in numerous discussions across the region to ensure our solutions are aligned to market needs."
The DIFC formally recognised SEI as a foreign branch on 21 February 2008, and the Dubai Financial Services Authority (DFSA) gave approval to SEI to act as an authorised firm on 24 February 2008.
Nasser Al Shaali, CEO, DIFC Authority, said: "SEI has a proven track record in building world class investment and administration capabilities, and, as regional banks, institutions and families grow and develop onshore asset management and wealth management capabilities, SEI has a key role to play in this region."
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.